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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 5
Why does a horizontal LM curve imply that fiscal policy has the same effects on the economy as those derived in Chapter 10
b. What is happening in this case in terms of Figure 11-3
c. Under what circumstances might the LM curve be horizontal
b. What is happening in this case in terms of Figure 11-3
c. Under what circumstances might the LM curve be horizontal
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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