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Suppose the Demand Curve Is Y = 38 - 3π,and

Question 3

Essay

Suppose the demand curve is Y = 38 - 3π,and the current values for output and the real interest rate are 29 and 7 percent,respectively.A decrease in inflation leads to a new output level of 32 and real interest rate at 6 percent.The monetary policy curve is ________.

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