Consider the lS-LM model. C) Explain what is the Keynesian multiplier and the economic intuition behind it.

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Consider the lS-LM model. C) Explain what is the Keynesian multiplier and the economic intuition behind it. ( 10 marks )

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Consider the lS-LM model. C) Explain what is the Keynesian multiplier and the economic intuition behind it.

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