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Fiscal policy is most likely to be effective when which of the following characterize the IS/LM curves: a)IS curve is steep and LM curve is
Fiscal policy is most likely to be effective when which of the following characterize the IS/LM curves:
a)IS curve is steep and LM curve is flat
b)IS curve is flat and LM curve is flat
c)IS and LM are steep
d)IS is flat and LM is steep
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