Instructions Use the information below to answer the following questions. Understanding components of the IS-LM model 14 1 point Consider the following equations from the IS-LM model: Goods Market: Which of the equations below represent definitional equations. (Select all that C = co+ c (Y - T) apply) I = Io - br C T = To G = Go None T = To Y = C+I+G U G = Go Money Market: L( r, Y) = mo + kY - hr I = 10 - br M = M O L (r, Y) = mot kY - hr P = P Y = L(r, Y ) O Y = C+I+G C = co + c1 (Y - T) Classify each equation as either a definitional equation, behavioral equation, reduced form equation, or conditional equation. For each question, select all the O M = M choices that apply. Note: some of these equations may have more than one classification. # = L (r, Y) P = PUse the information below to answer the following questions. Understanding components of the IS-LM model 15 1 point Consider the following equations from the IS-LM model: Goods Market: Which of the equations below represent behavioral equations. (Select all that C = co+ c1 (Y - T) apply) I = Io - br O G = GO G = Go T = To O L (r, Y) = mo + kY - hr Y = C+I+G O C = co+ c1 (Y - T) Money Market: L(r, Y) = mot kY - hr I = 10 - br M = M T = To P = P M = L(r, Y) O Y = C+I+G O M = L (r, Y) Classify each equation as either a definitional equation, behavioral equation, reduced form equation, or conditional equation. For each question, select all the P = P choices that apply. Note: some of these equations may have more than one classification. M =M None