Question: Please answer with work and explain if possible The IS curve is Y - 20 - 1.5r, and the aggregate demand curve is Y =

Please answer with work and explain if possible The IS curve

Please answer with work and explain if possible

The IS curve is Y - 20 - 1.5r, and the aggregate demand curve is Y = 15.5 - 0.5n. When the interest rate is 7 percent, the inflation rate is percent. Show all your work. [Hint: Use the interest rate as 7 NOT 0.07)

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