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Given the following functions; S = -25 + 0.25y I = 50 12.5r Required; What are the economic meaning of the coefficient of the
Given the following functions;
S = -25 + 0.25y
I = 50 – 12.5r
Required;
- What are the economic meaning of the coefficient of the function
- Find the IS curve value
- Find the slope of the IS curve
- Comment on the value of the slope of LM curve
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The given functions represent the investment I and savings S functions in an economy 1 Economic meaning of the coefficients In the savings function S ...
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
