An article in the Wall Street Journal in late 2015 noted: One economic trend that hasnt done
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An article in the Wall Street Journal in late 2015 noted: “One economic trend that hasn’t done its bit for this 6½-year recovery: capital spending.” Given that interest rates were at historically low levels during most of this period, what can we conclude about the shape of the IS curve during these years?
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The elasticity of the IS curve depends upon the responsiveness o...View the full answer
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Related Book For
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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