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IS-MP Analysis: Interest Rates and Output - End of Chapter Problem Housing prices in the United States decline dramatically and remain depressed for several months.

IS-MP Analysis: Interest Rates and Output - End of Chapter Problem Housing prices in the United States decline dramatically and remain depressed for several months. Macmillan Learning a. Using the IS-MP graph, show what happens to the macroeconomic equilibrium in the United States. IS-MP graph (United States) CO Co MP curve LO Real interest rate (%) V T IS curve O LO 0 Output gap(%)

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