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2.4 Alternatively, consider the case when is relatively high (close to one). When this is the case, will It be very sensitive to changes in
2.4 Alternatively, consider the case when is relatively high (close to one). When this is the case, will It be very sensitive to changes in real interest rates? Will It constitute a large share of GDP? As a consequence, what can we conclude about how much have we learned about the slope of the IS curve
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Contemporary Labor Economics
Authors: Campbell R. McConnell, Stanley L. Brue, David Macpherson
11th Edition
1259290602, 1259290603, 978-1259290602
