Question

Given the following macroeconomic equations that describe a certain economy:
C=100+0.8Y^d - Consumption function
I=10+10r - Investment function
G=10 - Government purchases
T=0.25 - Tax rate
L=Y-100r - Real money demand
M=295 - Real money supply
You are Required to Calculate the IS and LM equations.

Answer 1

Answer:

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