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5. What was the Employment Act of 1946? Which function would mainly be affected, IS or LM based on the purposes of this Act? Explain

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5. What was the Employment Act of 1946? Which function would mainly be affected, IS or LM based on the purposes of this Act? Explain your answer. Suppose that we were given an IS and LM model with the following equations, Y = 1470- 12000i and Y = 1200 + 15000i. Determine the equilibrium values of Y and i, Show your calculations

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