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In a closed (no foreign sector), mixed economy with stable prices, if we assume that consumption (C) and investment (I) spending do not depend on

In a closed (no foreign sector), mixed economy with stable prices, if we assume that consumption (C) and investment (I) spending do not depend on the interest rate (r), can we conclude that

a.The interest-related expenditure (IRE) function is vertical?

b.Monetary policy has no effect on real income and output? Explain your answers.

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