An increasing number of people receive substantial income from variable rate assets (for example, CDs that are rolled over regularly at maturity with a new deposit rate, functioning essentially as a single variable rate asset) How does this affect the slope of the IS curve ...

The slope of the IS curve depends on the sensitivity of ...

An increasing number of people receive substantial income from variable-rate assets (for example, CDs that are rolled

Question:

An increasing number of people receive substantial income from variable-rate assets (for example, CDs that are rolled over regularly at with a new deposit rate, functioning essentially as a single variable-rate asset). How does this affect the slope of the IS curve?
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...