A two-equation model below represents goods sector and monetary sector equilibrium for a hypothetical economy 1.Y=i 0
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Question:
A two-equation model below represents goods sector and monetary sector equilibrium for a
hypothetical economy
1.Y=i0/1-c+b/1-c.r i0>0,b<0, 0 2: Y=i0-e/f-g/f.r Lo>0, f<0, g<0, e>0. As usual,is aggregate income,is the interest rate,0 is the autonomous investment, and0 is the level of money supply.
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