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Econ110BW11 - Lec3 A - GR_ol

Econ110BW11 - Lec3 A - GR_ol - Macroeconomics B Econ 110B...

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Macroeconomics B Econ 110B – Winter 2011 Prof. Giacomo Rondina Lecture 3
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The IS Equation: Equilibrium in Market for Goods Supply of Goods (Output) S Y Demand for Goods ( ) ( ) , I S Z C Y T I Y i G = + + : Income of Agents I Y Equilibrium in Market for Goods (Demand=Supply) S Z Y = 2 Expectations: the Basic Tools (Ch. 14)
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