Assume an economy where the consumption function is defined as C = CC + CY and the investment function is defined as l = ir , where Y is total income and r is the interest rate. What does the slope of the IS curve depend on?
Assume an economy where the consumption function is defined as C = CC + CY and the investment function is defined as l = ir , where Y is total income and r is the interest rate. What does the slope of the IS curve depend on?
Chapter18: The Keynesian Model
Section: Chapter Questions
Problem 6SQ
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Assume an economy where the consumption function is defined as C = CC + CY and the investment function is defined as l = ir , where Y is total income and r is the interest rate. What does the slope of the IS curve depend on?
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