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In the IS curve, I, is given by. OY,/T, OY,-T, Ο Y,xY, O (Y,-F,)/T, O (F-Y)/T, where Y is current output and I, is potential output.

In the IS curve, I, is given by. OY,/T, OY,-T, Ο Y,xY, O (Y,-F,)/T, O (F-Y)/T, where Y is current output and I, is potential output.

Microeconomic Theory
Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
Problem 2.6P
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In the IS curve, T, is given by OY,/T, OY, - Y, O Y, XY, O (Y,-T)/T, O (T-Y)/Y, where Y is current output and I, is potential output.
Transcribed Image Text:In the IS curve, T, is given by OY,/T, OY, - Y, O Y, XY, O (Y,-T)/T, O (T-Y)/Y, where Y is current output and I, is potential output.
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