Assignment1_sol - Interest rate i Central bank money H H d =Cu d R d H d’ =Cu d R d’ H H s i i’ H s’ AD’ Y Output Y Price level P A AS

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Interest rate, i Central bank money, H H d =Cu d +R d H d’ =Cu d +R d’ H H s i i’
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IS D A’ Y Y’ Output, Y i Interest rate, i A i’ LM (M’/P<M/P) LM (M/P)
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AD’ A’ Y Y’ Output, Y Price level, P A AS P=P T P’<P T AD
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Unformatted text preview: Interest rate, i Central bank money, H H d =Cu d +R d H d’ =Cu d +R d’ H H s i i’ H s’ AD’ Y Output, Y Price level, P A AS P=P T AD...
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This note was uploaded on 05/19/2011 for the course ECON 203 taught by Professor Martin during the Three '10 term at University of Melbourne.

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Assignment1_sol - Interest rate i Central bank money H H d =Cu d R d H d’ =Cu d R d’ H H s i i’ H s’ AD’ Y Output Y Price level P A AS

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