macroeconomics
Date Submitted: 10/21/2004 00:20:08
Category: / Law & Government / Government & Politics
Length: 4 pages (964 words)
Category: / Law & Government / Government & Politics
Length: 4 pages (964 words)
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…point M than point K. Because of aggregate demand * aggregate supply we have excess demand in goods market.
This shows that if a point is selected in quadrant IV there is excess supply in money market and excess demand in goods market.
If we put the results in a table;
Quadrant Money Market Goods Market
I Excess Supply Excess Supply
II Excess Demand Excess Supply
III Excess Demand Excess Demand
IV Excess Supply Excess Demand
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