(b) The following equations describe an economy being measured in billions and I as a 5...
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(b) The following equations describe an economy being measured in billions and I as a 5 percent interest rate. C=0.8(1-t)Y, t=0.25, 1=900-50i, Ġ=800, L=0.25Y-62.5i, M/P=500. (1) What is the equation that describes the IS curve. 2mks (ii) What is the equation that describes the LM curve? 2mks (b) The following equations describe an economy being measured in billions and I as a 5 percent interest rate. C=0.8(1-t)Y, t=0.25, 1=900-50i, Ġ=800, L=0.25Y-62.5i, M/P=500. (1) What is the equation that describes the IS curve. 2mks (ii) What is the equation that describes the LM curve? 2mks
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The following equations describe an economy think of C I G etc as being meas... View the full answer
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Survey of Accounting
ISBN: 978-0077862374
4th edition
Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair, Bor
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