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1. Consider the IS-LM model. (a) Define the IS function and describe its properties. (b) Define LM function and describe its properties. (c) Explain what

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1. Consider the IS-LM model. (a) Define the IS function and describe its properties. (b) Define LM function and describe its properties. (c) Explain what is the Keynesian multiplier and the economic intuition behind it. (d) Describe the effects of an increase in government spending

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