Explain in detail what effect a reduction in government spending will have on: (1)the LM curve; and (2)the IS curve.
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Q49: Based on our understanding of the IS-LM
Q50: Suppose there is a simultaneous fiscal expansion
Q51: The IS curve will shift to the
Q52: If government spending and taxes increase by
Q53: An increase in government spending will likely
Q55: Increases in the budget deficit are believed
Q56: A fiscal expansion (e.g.a tax cut)will result
Q57: Explain in detail what effect a Fed
Q58: Based on your understanding of the IS-LM
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