Elucidate the shape of the is curve
Shape of the IS curve if Keynesian investment function is vertical.
Assume the Keynesian investment function is vertical (perfectly inelastic). Elucidate the shape of the IS curve. Please note - you need to do more than just draw the IS curve.
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Assume the Keynesian investment function is vertical (perfectly inelastic). Elucidate the shape of the IS curve.
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