Suppose in two-sector economy, product-sector functions are given as follows. C = 10 + 0.5 Y I
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Suppose in two-sector economy, product-sector functions are given as follows.
C = 10 + 0.5 Y I = 200 – 2000 i And monetary sector functions are given as M s = 150 M t = 0.5 Y and M s = 150 – 1500 i Find
(a) IS and LM functions, and
(b) Find income and interest rate the general equilibrium.
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