Determine the equilibrium level of income

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Determine the equilibrium level of income

Assume that the supply money is Rs. 100 crores and the M^D_T= 0.05Y and M^D_a= 40 – 500i. Determine the equilibrium level of income corresponding to the rate of interest 10% and 15%.

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Determine the equilibrium level of income

Determine the equilibrium level of income

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