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Can you please provide brief answers to these questions? Explain the ISLM model. Why Is it important? Why is ISLM not applicable for Europe? How

Can you please provide brief answers to these questions?

Explain the ISLM model. Why Is it important?

Why is ISLM not applicable for Europe?

How does ISLM model assume fixed prices?

What is meant by the term 'animal spirits'?

What is aggregate demand and aggregate supply?

What factors affect IS model?

What factors effect LM model?

AD-AS Model: how it is derived and what it means etc.

Factors shifting aggregate demand

Factors shifting aggregate supply in the long run and short run

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