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A closed economy has full-employment output of 4600. Consumption and investment are C = 1275 +0.5 (YT)-200r I = 900 - 200r Government purchases and taxes are T = G =450 Money demand is Ma P = 0.5Y - 200i where the expected rate of inflation, is 0,

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A closed economy has full-employment output of 4600. Consumption and investment are C = 1275 +0.5 (YT)-200r I = 900 - 200r Government purchases and taxes are T = G =450 Money demand is Ma P = 0.5Y - 200i where the expected rate of inflation, is 0,
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