Quiz 3 Solutions - ECONOMICS 3120 QUIZ 3 FALL 2008 DR WILLIE J BELTON JR I Suppose government expenditures are decreased taxes rise and the supply of

Quiz 3 Solutions - ECONOMICS 3120 QUIZ 3 FALL 2008 DR...

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ECONOMICS 3120 QUIZ 3 FALL 2008 DR. WILLIE J. BELTON, JR. 9-4-2008 I.Supposegovernmentexpendituresaredecreased,taxesriseandthesupplyofmoneyincreaseleavingoutputunchanged.UsingtheIS-LMmodelthatwedevelopedinclassshowandexplaintheimpactsofthesepolicieson the level

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