1.15. If the point describing the combination of the interest rate and aggregate output is not on...
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1.15. If the point describing the combination of the interest rate and aggregate output is not on either the IS curve or the LM curve, the economy will have no tendency to head toward the intersection of the two curves." Is this statement true, false, or uncertain? Explain your answer.
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Related Book For
The Economics Of Money Banking And Financial Markets
ISBN: 9780321598905
9th Edition
Authors: Frederic S. Mishkin
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