Given the following functions; S = -25 + 0.25y I = 50 12.5r Required; What are
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Question:
Given the following functions;
S = -25 + 0.25y
I = 50 – 12.5r
Required;
- What are the economic meaning of the coefficient of the function
- Find the IS curve value
- Find the slope of the IS curve
- Comment on the value of the slope of LM curve
Related Book For
Managerial Economics
ISBN: 978-0133020267
7th edition
Authors: Paul Keat, Philip K Young, Steve Erfle
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