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) What does the IS curve captures? Why IS curve slopes as it does? Discuss (max 5 sentences). (c) What does the LM curve captures?
) What does the IS curve captures? Why IS curve slopes as it does? Discuss (max 5 sentences). (c) What does the LM curve captures? Why LM curve slopes as it does? Discuss (max 5 sentences) (d) When money supply decreases, what is the effect of this within the IS-LM framework. Discuss (max 5 sentences). (e) Can you link this scenario and the discussion you provided in part (c) above to the monetary policy conducted during the Great Depression? Discuss (Please be precise. Short and concise answers will be favorable
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