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Aksel
Aksel asked in Social ScienceEconomics · 9 years ago

Economic TRUE/FALSE/UNCERTAIN?

In a Keynesian closed economy, monetary policy is more effective the steeper is the

IS curve.

2 Answers

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  • Nikoo
    9 years ago
    Favorite Answer

    I=I0-ar

    steeper IS means a nears approaches 0...so based on monetary multiplier the monetary policy wouldn't be efficient ...so the answer is FULSE

  • ?
    9 years ago

    Uncertain.

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