5. General equilibrium in the macroeconomy occurs when all markets are in equilibrium. Graphically, this is the

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5. General equilibrium in the macroeconomy occurs when all markets are in equilibrium. Graphically, this is the point at which the IS curve, the FE line, and the LM curve intersect.

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Macroeconomics Plus Myeconlab With Pearson Global Edition

ISBN: 377221

9th Canadian Edition

Authors: Andrew B. Abel ,Ben Bernanke ,Dean Croushore

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