1. Explain why at a point such as B in Figure 6-17 , there is downward pressure on both the level of output and the interest rate. 2. In what sense is a vertical LM schedule a classical case?


1. Explain why at a point such as B in Figure 6-17 , there is downward pressure on both the level of output and the interest rate.


2. In what sense is a vertical LM schedule a classical case?



May 18, 2022
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