The framework should be:
IS: Y=12-1.5T-30i+2G
LM: M=Y(1-i). assume P=1
a) foreign output decreases
b) money supply increases
c) government spending increases
The framework should be: IS: Y=12-1.5T-30i+2G LM: M=Y(1-i). assume P=1 a) foreign output decreases b) money supply incre
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