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7) Use the IS-LM model to determine the effects of each of the following on the general equilibrium values ofthe real wage, employment, output, the

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7) Use the IS-LM model to determine the effects of each of the following on the general equilibrium values ofthe real wage, employment, output, the real interest rate, consumption, investment, and the price levelJ a) There's increased volatility in the prices of both stocks and bondse' b) Fiscal policy decision makers send out stimulus checks to most (or all) American households.6

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