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Economic fAD = CHI+G C= Co ICI(Y T + TR) I - bothY - bzi (where all b > 0) and government spending (G), tax
Economic
\fAD = CHI+G C= Co ICI(Y T + TR) I - bothY - bzi (where all b > 0) and government spending (G), tax (7) and transfer income (7R) are all given. The financial market equilibrium is also given by (M/P) = dy dzi What is the equilibrium output-income and equilibrium interest rate that satisfy both IS and LM relationStep by Step Solution
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