Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Question
Chapter 11, Problem 2NP
A
To determine
To describe:
Describe the equations for IS and LM curves, using the given information.
B
To determine
To describe:
Ascertain the full employment values of output, real interest rate, consumption, investment, and the price level value.
C
To determine
To describe: Assuming the given condition, find out the new output levels, real interest rate, consumption, investment and price level for short run and long run.
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3b. Suppose a country has a money demand function (M/P)d kY, where k is a constant parameter. The
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Please answer the entire question
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