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O Macmillan Learning Exhibit: IS-LM Monetary Policy Interest rate, r 12 " 13 LM₂ LM₁ LM3 IS Y, Y₁ Y3 Income, Output, Y Based on the graph, starting from equilibrium at interest rate r₁ and income Y₁, a decrease in the money supply would generate the new equilibrium combination of interest rate and income: 12, Y2. 13, Y2. 12, Y3. 13, Y3.

O Macmillan Learning Exhibit: IS-LM Monetary Policy Interest rate, r 12 " 13 LM₂ LM₁ LM3 IS Y, Y₁ Y3 Income, Output, Y Based on the graph, starting from equilibrium at interest rate r₁ and income Y₁, a decrease in the money supply would generate the new equilibrium combination of interest rate and income: 12, Y2. 13, Y2. 12, Y3. 13, Y3.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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O Macmillan Learning Exhibit: IS-LM Monetary Policy Interest rate, r 12 " 13 LM₂ LM₁ LM3 IS Y, Y₁ Y3 Income, Output, Y Based on the graph, starting from equilibrium at interest rate r₁ and income Y₁, a decrease in the money supply would generate the new equilibrium combination of interest rate and income: 12, Y2. 13, Y2. 12, Y3. 13, Y3.
Transcribed Image Text:O Macmillan Learning Exhibit: IS-LM Monetary Policy Interest rate, r 12 " 13 LM₂ LM₁ LM3 IS Y, Y₁ Y3 Income, Output, Y Based on the graph, starting from equilibrium at interest rate r₁ and income Y₁, a decrease in the money supply would generate the new equilibrium combination of interest rate and income: 12, Y2. 13, Y2. 12, Y3. 13, Y3.
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