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Suppose the goods market is: Y = 1800 - 100i and the LM curve Y = 500 +591, where x is the last digit
Suppose the goods market is: Y = 1800 - 100i and the LM curve Y = 500 +591, where x is the last digit of your ID number. Determine the equilibrium income (Y), interest rate (i). Explain the role of interest rate in this model.
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In this model the equilibrium income Y and interest rate i is determined by the intersection of the ...
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