concept of supply, Econometrics

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concept of supply

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Y1=Y21Y2+Bx+U1 Y2=Y21Y1+U2 First equation is demand and second is supply equation,can first equation be identifiable outline the method

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Suppose an economy has the following Real money demand Function: L(Y,i) = 1000 + 0.3Y - 4000i, where   i is the nominal interest rate paid on non-monetary (financial) assets,

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