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Use the IS-LM model to describe both the short-run and long-run effects of the following changes An increase in the money supply ( M )
Use the IS-LM model to describe both the short-run and long-run effectsof the following changes
- An increase in the money supply (M) on
- National income (Y)
- Interest rate (r)
- The price level (P)
- Consumption (C)
- Investment (I)
- Real money balances (M/P)
- An increase in government purchases (G) on
- National income (Y)
- Interest rate (r)
- The price level (P)
- Consumption (C)
- Investment (I)
- Real money balances (M/P)
- An increase in taxes (T) on
- National income (Y)
- Interest rate (r)
- The price level (P)
- Consumption (C)
- Investment (I)
- Real money balances (M/P)
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