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13. In an ISLM framework, fiscal expansion generally leads to income expansion, but: A. this will only occur if it is combined with monetary expansion.

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13. In an ISLM framework, fiscal expansion generally leads to income expansion, but: A. this will only occur if it is combined with monetary expansion. B. this is not the case if we are in the liquidity trap. C. interest rates will increase, leading to a lower level of saving. D. the composition of output will change. E. most private consumption will be crowded out

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