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A More Detailed IS LM Story

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Figure

FIGURE 1. FISCAL EXPANSION (LEFT) AND MONETARY EXPANSION (RIGHT) IN THE IS-LM MODEL
FIGURE 2. USUAL IS-LM MODEL (LEFT) AND ADJUSTED IS-LM MODEL (RIGHT)
FIGURE 3. FISCAL EXPANSION (LEFT) AND MONETARY EXPANSION (RIGHT) IN THE ADJUSTED IS-LM MODEL
TABLE 1—INTEREST RATE-INDUCED 12-UNIT INCREASE IN M1 MONEY
+2

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