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Over the past two years the world has been dealing with the global pandemic. To keep the economy going, the government of Jamaica increased

 

Over the past two years the world has been dealing with the global pandemic. To keep the economy going, the government of Jamaica increased their level of government spending. a. Using the IS-LM model, explain the impact of the increased government spending on interest and income. b. Discuss THREE positive impacts that borrowing to finance government spending could have on a Caribbean country of your choice.

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