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The IS Curve Is Y = 20 - 1

Question 71

Multiple Choice

The IS curve is Y = 20 - 1.5r,and the aggregate demand curve is Y = 15.5 - 0.3π.When the interest rate is 7 percent,the inflation rate is ________ percent.


A) 14.6
B) 9.5
C) 3.6
D) 20
E) none of the above

Correct Answer:

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