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Question 1   For this question you can choose to answer either (A), or (B), but NOT BOTH.               A.   “The IS curve represents all combinations of interest rates and GDP consistent with product market equilibrium whilst the LM curve represents all combinations of interest rates and GDP consistent with money market equilibrium.”   Identify and briefly explain the theoretical reasons why the IS-LM ...

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Tags: Australia  Victoria  Victoria University Macro Economics Macroeconomics 

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