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Principles of Money, Banking & Financial Markets 12th Edition by Lawrence Ritter,William Silber,Gregory Udell
Edition 12ISBN: 978-0321339195Principles of Money, Banking & Financial Markets 12th Edition by Lawrence Ritter,William Silber,Gregory Udell
Edition 12ISBN: 978-0321339195 Exercise 2
Explain verbally or geometrically how the slope of the LM curve helps determine whether shifts in autonomous investment cause small or large fluctuations in GDP.
Explanation
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The LM curve can either steep or flat. T...
Principles of Money, Banking & Financial Markets 12th Edition by Lawrence Ritter,William Silber,Gregory Udell
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