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n the short-run closed economy IS-LM model, if the government passed a tax increase to reduce the budget deficit, and the Central Bank held the
n the short-run closed economy IS-LM model, if the government passed a tax increase to reduce the budget deficit, and the Central Bank held the money supply constant, then the two policies together would generally lead to ______ income and a ______ interest rate. no change in; higher lower; higher lower; lower no change in; lower
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