Posted by **Matrices** on Friday, December 2, 2011 at 1:00am.

7. A closed economy is described by the following simple IS-LM system:

C = a + b(1 – t)Y – dR

I = I

G = G

L = kY – hR

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March 23, 2017
Posted by **Matrices** on Friday, December 2, 2011 at 1:00am.

7. A closed economy is described by the following simple IS-LM system:

C = a + b(1 – t)Y – dR

I = I

G = G

L = kY – hR

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