With respect to the IS/LM model, which of the following statements is false? Interest rates and output are the endogenous variables The position of the IS curve is given by α (alpha) The IS/LM model...

Interest rates and output are the endogenous variables

The position of the IS curve is given by α (alpha)

The IS/LM model is an extension of the income-spending model

The LM curve maps interest rates and output such that the money market clears

Along the IS curve, planned aggregate spending is equal to income