equilibrium level of income

Posted on 2013-10-17 19:23:00 in Economics by CERVANTAS

Assume that the supply of money is Rs. 100 crores and M^D_T = 0.10Y and M^D_a = 40 – 500i, where i is the rate of interest. Determine the equilibrium level of income corresponding to the rate of interest 10% and 4%.

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