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Derive the is relation or equation

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Reference no: EM132519817

Given: C = 500 + .6Yd I = 200 + .3Y - 2000i G = 300 T = 200 (M/P)d = 4Y -12000i M/P = 3000

1. Derive the IS relation or equation.

2. Derive the LM relation or equation.

3. Solve for the equilibrium interest rate.

4. Solve for the equilibrium output.

Reference no: EM132519817

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