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Use the IS-LM model to determine the effects of each of the following on the general...

  1. Use the IS-LM model to determine the effects of each of the following on the general equilibrium values of the real wage, employment, output, the real interest rate, consumption, investment, and the price level.

a. There’s increased volatility in the prices of both stocks and bonds

b. Fiscal policy decisionmakers send out stimulus checks to most (or all) American households

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