MarioHW4899 MarioHW4899

23-05-2023
Business

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A small open economy is described by the following equations: C = 40 + 0.8(Y – T) I = 200 – 15r NX 300 – 40e Mp = 2Y – 50r G = 300, T = 300, M = 4000, P = 4 and r* = 5 (a) Derive and graph the IS* and LM*curves.

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