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What main feature distinguishes classical from the Keynsian in the IS-LM model. Use an assumption of a shock, for example increased willingness to consume due
What main feature distinguishes classical from the Keynsian in the IS-LM model. Use an assumption of a shock, for example increased willingness to consume due to wealth increase, and how in the model the economy adapts back to long run equilibrium to make your point. You can also point to an talk to the graphs from problem 3 for this
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