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1- Suppose the economy is currently in recession, and the exchange rate if fixed using the IS-LM model.
a) explain and illustrate the economy adjustment ( in the medium run)
b) Explain and illustrate the economy adjustment (in the medium run) without devaluation.
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what is the profit maximising quantity of L
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when total production fall what,s the status of average product and marginal product
when does market equilibrium occur?
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