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1. Suppose that we are using an IS and LM model, and have the following interest rate and income data. L Y L Y .08

1. Suppose that we are using an IS and LM model, and have the following interest rate and income data. L Y L Y .08 2400 .12 17600 .07 3600 .10 16000 .06 4300 .06 14400 .05 6000 .06 12600 .04 7200 .04 11200 Determine the IS and LM equations: IS:Y= LM:Y= Find the eguilibrium values of Y and i. Show [our calculations

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