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Find an equation for the aggregate demand curve

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Reference no: EM132587776

Consider an economy with the following IS and LM curves

Y= 4350-800r+2G-T

(M/P)= 0.5Y - 200r

Suppose that T= 450, G=450 and M=900.

Required

a) Find an equation for the aggregate demand curve.

b) If the full employment level of output is Y=46000, what are the equilibrium value for r and p?

Reference no: EM132587776

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