Is curve-lm curve-equilibrium

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Reference no: EM13117349

Consider the following economy:

C = 100 + 0.8(Y-T)

I = 150 - 6r

G = 200

Md/P = 0.20Y - 2r

Ms/P = 100

A) Write numerical formula for IS curve

B) Write numerical formula for LM curve

C) What is equilibrium level of r?

D) What is equilibrium Y?

Reference no: EM13117349

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