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in the IS-LM model when comparing the result of an expansionary monetary policy to an expansionary fiscal policy: in both instances the demand for...

in the IS-LM model when comparing the result of an expansionary monetary policy to an expansionary fiscal policy:

1. in both instances the demand for goods and the level of output are higher

2. for monetary policy investment spending is higher while for fiscal policy it is lower

3. for monetary policy the interest rate is lower while for fiscal it is higher 

4. all of the above

5. none of the above

Top Answer

5. none of the... View the full answer

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