3. The IS curve slopes downward because a interest rate reduces and thus income. a. higher, planned...

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3. The IS curve slopes downward because a interest rate reduces and thus income.

a. higher, planned investment

b. higher, money demand

c. lower, planned investment

d. lower, money demand

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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