1.13. If a change in the interest rate has no effect on planned investment spending or net...
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1.13. If a change in the interest rate has no effect on planned investment spending or net exports, trace out what happens to the equilibrium level of aggregate output as interest rates fall. What does this imply about the slope of the IS curve?
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The Economics Of Money Banking And Financial Markets
ISBN: 9780321598905
9th Edition
Authors: Frederic S. Mishkin
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