Tutorial 8 Answers - University of British Columbia Econ...

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University of British ColumbiaEcon 302Tutorial 823rdJuly 2012Question 1Explain why the IS curve slopes downward. Is its slope steeper in a closed economy--with nointernational trade--or in an open economy?
Question 2What are the qualitative effects, in the IS-LM model, of……an increase in firms' optimism about future profits?

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