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Calculate Price level (two decimal places) MD=(.67Y-5r)P MS= 100 Y= 150 r= -6

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Calculate Price level (two decimal places)

MD=(.67Y-5r)P

MS= 100

Y= 150

r= -6

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