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An economy is initially described by the following equations: C = 60+ 0.8(Y-T) 1 = 120-5 M/P=Y-25r G = 200 T = 200 M = 3000 P


following equations: a. Derive and graph the IS and LM curves. Use the accompanying diagram to graph the IS and LM curves by

graph the IS and LM curves
Side-by-Side Attempt 2 cribed by the following equations: 8 LM T) 7 6 (73) 5 4 2 1 IS 0 800 850 900 950 1,000 1,050 1.100 1,1
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Answer #1

it deal with Goods Is Canne (investunt Saving) (Fiscal policies Equation of Is Cleave be market) ( closed Econ conomy Ź Y = 6For Equilibrium solving aquo O and equ (11 we Gel 1100 - 251 - 1000 + 251 न r = 2 y 1000 4251 Y = 1000 42512) Ty = 1050 IS: Y

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