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6. Present a table showing differences of opinion between Keynesians and Monetarists. Given the following equations for an IS and LM model: = IOY

6. Present a table showing differences of opinion between Keynesians and Monetarists. Given the following equations for an IS and LM model: = IOY M M c =20+ _95Y = 4000 - 15000i = 1000 IOOOOi Ms = 4640 Determine the equilibrium level of income and the rate of interest. Show your calculations, and an appropriate diagram.

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