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What motivated Hicks and Hansen to develop IS–LM analysis? Explain how fiscal policy could be used...

What motivated Hicks and Hansen to develop IS–LM analysis? Explain how fiscal policy could be used to shift the IS curve rightward. Explain how mone- tary policy could be used to shift the LM curve leftward. What would happen to equilibrium income and the interest rate in each case?

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Rahul Sunny answered 11 months ago
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