Answer to Question #36555 in Economics of Enterprise for KELVIN

Question #36555
Consider the following IS/LM model for a closed economy C=400+0.4yd ,I=200+0.3y-2000i, G=360,T=400 ,m/p=4y-100000ims=2600 (10 marks) i. Derive the IS equation ii Derive the LM equation iii. Solve for equilibrium real output iv. Solve for the equilibrium interest rate v. Solve for equilibrium value of consumption and investment
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Expert's answer
2013-10-28T07:22:12-0400
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