Answer to Question #324819 in Macroeconomics for Moniqs001

Question

The following equations describe a certain economy

C=400 + 0.75Yd

I =200 - 100r

T=70 + 0.2Y

G=100

X=10

M=150 + 0.06Y

M =4000

MD= 0.2Y - 10r

Required

Derive the IS and LM equations for three and four sector economies separately.

Calculate the equilibrium Y, C, T, M and I for three and four sector economies separately.

Answer 1

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