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Use the IS-LM model to analyze the effectiveness of fiscal policy under the two alternative scenarios (hint: look at the slope of LM (solve r

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Use the IS-LM model to analyze the effectiveness of fiscal policy under the two alternative scenarios (hint: look at the slope of LM (solve r in terms of y)).
Money demand is insensitive to changes in GDP (high velocity).
Money demand is interest rate insensitive (

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