Solved: Explain why equilibrium is achieved in the markets for, Microeconomics

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Explain why equilibrium is achieved in the markets for

Instructions

Explain this equation: Y = Yad = C + I + G + NX.

Provide the equation for C and explain its importance.

Describe the Keynesian cross diagram and explain its use.

Describe the investment-savings (IS) curve and its characteristics.

Describe the liquidity preference-money (LM) curve and its characteristics.

Explain why equilibrium is achieved in the markets for goods and money.

Explain the IS-LM model's biggest drawback.

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Microeconomics: Explain why equilibrium is achieved in the markets for

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Microeconomics: Explain why equilibrium is achieved in the markets for

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