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In the IS-LM model, when the Fed increases the money supply, in the short-run equilibrium, then consumption________; investment ______; and output ________. [Assume that consumption
In the IS-LM model, when the Fed increases the money supply, in the short-run equilibrium, then consumption________; investment ______; and output ________. [Assume that consumption depends only on disposable income here, as in the class.]
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