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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 1
Explain in words how and why the multiplier a G and the interest sensitivity of aggregate demand affect the slope of the IS curve.
b. Explain why the slope of the IS curve is a factor in determining the working of monetary policy.
b. Explain why the slope of the IS curve is a factor in determining the working of monetary policy.
Explanation
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IS curve showing inverse relation betwee...
Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
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