How does the intersection of the IS and LM curves relate to the concept of internal balance?

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International Economics

ISBN: 9780078021770

16th Edition

Authors: Thomas Pugel

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Question Posted: Mar 23, 2024 10:00 AM

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Suppose that the IS and LM curves for an economy are given by: IS: Y = 2.5Ap - 250r LM: Y = 5(Ms/P) + 250r where Ap is initially 5,000, Ms is initially 2,000, and P = 1. (a) Graph the IS and LM...
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How does the intersection of the IS and LM curves relate to the concept of internal balance?

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The intersection of the IS and LM curves indicates a shortrun equilibrium in the countrys mark...View the full answer

International Economics

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