Monetary policy will have no effect upon the income level, if (a) the slope of the IS

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Monetary policy will have no effect upon the income level, if

(a) the slope of the IS curve is infinite.

(b) the slope of the IS curve is zero.

(c) spending is completely related to the interest rate.

(d) none of the above.

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Macroeconomics

ISBN: 9780124080669

2nd Edition

Authors: Debes Mukherjee

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