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What does the downward-sloping IS curve suggest? 18. In the derivation of the LM schedule, it is assumed that money is demanded for two purposes.

What does the downward-sloping IS curve suggest? 18. In the derivation of the LM schedule, it is assumed that money is demanded for two purposes. What are the two reasons? 19. How does a change in interest rate in the money market equilibrium affect the national income? 20. What does a point to the left of the BP schedule mean about the balance of payments equilibrium

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