The following model represents the real goods sector of an economy: c = 4+.8(Y-T)-.1r I = 3-.3r

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The following model represents the real goods sector of an economy:

c = 4+.8(Y-T)-.1r I = 3-.3r g=5 T=5 NX =2-.1r

1. Find the IS curve.

2. if the MP curve is: r= 2 + pi, Find the Aggregate Demand curve.

Related Book For answer-question

Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

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Posted Date: Feb 21, 2024 11:39 PM

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The following model represents the real goods sector of an economy: c = 4+.8(Y-T)-.1r I = 3-.3r

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Y C IT G NX 2 Y 04 00145 0... View the full answer

Macroeconomics

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