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the IS curve a.Present the extended and reduced equations for the IS curve. b.Present the graph for the IS curve. How to explain the appearance
the IS curve
a.Present the extended and reduced equations for the IS curve.
b.Present the graph for the IS curve. How to explain the appearance and the slope of the curve?
c.In what situation would the equilibrium shift along the curve?
d.In which situations would the curve itself shift?
e.Does it shift up/down or to the left/right?
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