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Use the complete IS-LM-FE and AD-AS model to analyze the effects of the following on the economy on short-run and long-run equilibrium levels of real interest rate, output, and price level. Suppose

Use the complete IS-LM-FE and AD-AS model to analyze the effects of the following on the economy on short-run and long-run equilibrium levels of real interest rate, output, and price level.

Suppose banks install automatic teller machines on every block and, by making cash readily available, reduce the amount of money people want to hold.

May 25 2021 View more View Less

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