Explain is-lm framework and equivalent ad-as framework
Discuss the IS-LM framework (determination of income and the interest rate) and the equivalent AD-AS framework (determination of price level and income) and how changes in equilibrium occur as a result of changes in fiscal and monetary policy
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Discuss the IS-LM framework (determination of income and the interest rate) and the equivalent AD-AS framework (determination of price level and income).
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