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An economy shows the following features

C=50+0.9(Y-T)

T=100

I=100-5i

G=100

L=0.2Y-10i
M/P=100
X=20
M=10+0.1Y

a) Obtain the IS and LM for this economy

b) Find out the equilibrium income rate and interest rate in this economy

c) Find the balance of trade

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Macroeconomics, Economics

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