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Based on the graph, starting from equilibrium at interest rate 1 and income Y, an increase in the money supply would generate the new
Based on the graph, starting from equilibrium at interest rate 1 and income Y, an increase in the money supply would generate the new equilibrium combination of interest rate and income: | a. 12, Y2. b. 13, Y2. c. 12, Y3. d. 13, Y3 Interest rate, r " Y Income, Output, Y LM LM LM IS
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International Economics
Authors: Robert C. Feenstra, Alan M. Taylor
5th Edition
1319218504, 9781319218508
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