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Is a great instance of a keen optimization position, and the function \(f(x,y)\) is named the target mode. The fresh axes of the diagram will be the done overall performance (or real GDP) on the x (horizontal) axis and you will aggregate demand (aggregate will set you back or need consult) to the y (vertical) axis. The brand new Keynesian multiplier framework can be graphically illustrated on the the newest Keynesian get across attracting.
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