72 71 O r2 and Y4 O IS2 O r2 and Y5 Y3 O r1 and Y1 Y₁ Y4 Ys IS Y₂ Refer to the figure above. If the economy starts at r2 and Y4, then an increase in planned expenditures will move the economy to IS₁ IS₂ Y
72 71 O r2 and Y4 O IS2 O r2 and Y5 Y3 O r1 and Y1 Y₁ Y4 Ys IS Y₂ Refer to the figure above. If the economy starts at r2 and Y4, then an increase in planned expenditures will move the economy to IS₁ IS₂ Y
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter10: Keynesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy
Section10.4: The Simple Keynesian Model In The Te-tp Framework
Problem 2ST
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