Question: 2. Consider the following four equation model leading to an IS-LM model of a close economy (no exports or imports) with no government (except money

 2. Consider the following four equation model leading to an IS-LM

2. Consider the following four equation model leading to an IS-LM model of a close economy (no exports or imports) with no government (except money supply): LM: mt = yt - Bit Consumption Ct = c+ byt, 0

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