Explain how changes in equilibrium occur

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Q. How does the IS-LM framework and the equivalent AD-AS framework, and how changes in equilibrium occur as a result of changes in fiscal and monetary policy.

Q. The IS-LM framework determination of income and the interest rate also the equivalent AD-AS framework determination of price level and income and explain how changes in equilibrium occur as a result of changes in fiscal and monetary policy.

Reference no: EM1345120

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