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2. What is the IS curve? Explain why it is downward sloped. What shifts the IS curve and what changes would move you along the

2. What is the IS curve? Explain why it is downward sloped. What shifts the IS curve and what changes would move you along the IS curve?

3. What is the LM curve? Explain why it is sloped upward. What shifts the LM curve and what changes would move you along the LM curve?

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