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(C) Introduce a money market MP = d1Y-d2i in which. Production come from equilibrium. Derive a multiplier for the budget. Was it bigger or smaller
(C) Introduce a money market MP = d1Y-d2i in which. Production come from equilibrium. Derive a multiplier for the budget. Was it bigger or smaller than that which you measured in section b)? Provide any insight about the result.
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