Question: Three-Equation Model [1 - 1.5 pages] What is the three-equation model? Set up the model and explain how the graphs are derived from the equations

Three-Equation Model [1 - 1.5 pages] What is the three-equation model? Set up the model and explain how the graphs are derived from the equations of IS, PC and MR (which itself is derived from differentiating the loss function with respect to output). What are the three-equation model's crucial assumptions? You may wish to refer back to this in your arguments

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