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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

  1. An increase in the money supply (M) on
    1. National income (Y)
    2. Interest rate (r)
    3. The price level (P)
    4. Consumption (C)
    5. Investment (I)
    6. Real money balances (M/P)
  2. An increase in government purchases (G) on
    1. National income (Y)
    2. Interest rate (r)
    3. The price level (P)
    4. Consumption (C)
    5. Investment (I)
    6. Real money balances (M/P)
  3. An increase in taxes (T) on
    1. National income (Y)
    2. Interest rate (r)
    3. The price level (P)
    4. Consumption (C)
    5. Investment (I)
    6. Real money balances (M/P)

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