Answered: If the IS curve is given by…

If the IS curve is given by Y=1,700–100r and the LM curve is given by Y=500+100r, then equilibrium income and interest rate are given by: Y=1100 , r=5% Y=1100, r=6% Y= 1000, r=5% Y=1200 , r=5%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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