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Understanding components of the IS-LM model 14 0 / 1 point Consider the following equations from the IS-LM model: Goods Market: Which of the equations
Understanding components of the IS-LM model 14 0 / 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 + c1 (Y - T) apply) I = Io - br G = Go X VY = C+I+G T = To Selected Answer - Incorrect Y = C+I+G Money Market: OP =P L (r, Y) = mot kY - hr OI =10 - br M = M P = P X VL ( r, Y) = mot kY - hr M = L(r , Y) Selected Answer - Incorrect Classify each equation as either a definitional equation, behavioral equation, P M = L(r , Y) reduced form equation, or conditional equation. For each question, select all the choices that apply. Note: some of these equations may have more than one UT =To classification. OC =co+q (Y - T) O G = Go OM =M None
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