Explanation of changes in is or lm model

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Reference no: EM1314016

Using the IS/LM model, demonstrate the effect of each of the following changes.

a. An increase in government expenditures.

b. A fall in the nominal money supply.

c. A decrease in the price level.

d. An increase in the lump sum tax.

e. A fall in the tax rate.

Reference no: EM1314016

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