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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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