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CHAPTER EIGHT NOTES-AP

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Macroeconomics. The course is divided in three parts: Short -run / Medium-run / Long-run. Short - run: IS / LM ? AD. LM: (M/P) d = (M/P) s (M/P) d = L(Y,i) M s = [1/(c + r(1-c))]H = {money multiplier} x {monetary base}. IS: Y = C + I + G

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Macroeconomics

Macroeconomics. The course is divided in three parts: Short -run / Medium-run / Long-run. Short - run: IS / LM ? AD. LM: (M/P) d = (M/P) s (M/P) d = L(Y,i) M s = [1/(c + r(1-c))]H = {money multiplier} x {monetary base}. IS: Y = C + I + G

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