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Intermediate Macroeconomics QUESTION 1 By using IS-LM framework, explain the effect of expansionary monetary policy under the Keynesian view. Then explain how an increase in

Intermediate Macroeconomics

QUESTION 1 By using IS-LM framework, explain the effect of expansionary monetary policy under the Keynesian view. Then explain how an increase in government spending can generate more national income or output for a country. (10 marks)

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