Quiz 3 Solutions - of these policies on the level of...

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ECONOMICS 3120 QUIZ 3 FALL 2008 DR. WILLIE J. BELTON, JR. 9-4-2008 I. Suppose government expenditures are decreased, taxes rise and the supply of money increase leaving output unchanged. Using the IS-LM model that we developed in class show and explain the impacts of these policies on the level
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Unformatted text preview: of these policies on the level of interest rates and the level of investment spending? Ovev" a 1\ I (' {\-+-f'f e?5.}-rise, C=co+c](Y-T) 1= b o + bjY - b 2 r 0=0* NX =NX*- zY (M/p)d = djY - d 2 r v C·~· C· i I -: o' .\ ~...
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