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According to the Keynesian IS-LM model, 2 what is the effect of each of the following on output, the real interest rate, employment, and the
According to the Keynesian IS-LM model,2what is the effect of each of the following on output, the real interest rate, employment, and the price level? Distinguish between the short run and the long run.
- The introduction of sophisticated credit cards greatly reduces the amount of money that people need for transactions.
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