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Which of the following is TRUE as we move along the IS - curve? a lower interest rate is compatible with a higher equilibrium output
Which of the following is TRUE as we move along the IScurve?
a lower interest rate is compatible with a higher equilibrium output level
a higher equilibrium output level is compatible with a higher interest rate
a lower equilibrium income level is compatible with a higher level of transactions demand for money
a higher interest rate is compatible with a higher level of equilibrium income and therefore a higher level of consumption
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