In the ISLM framework, what assumptions lead to impotent monetary policy? Are these conditions likely to occur
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Monetary policy is impotent if the economy is in the liquidity trap horizontal LM or if s...View the full answer
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Related Book For 
Principles of Money Banking and Financial Markets
ISBN: 978-0321339195
12th edition
Authors: Lawrence S. Ritter, William L. Silber, Gregory F. Udell
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