Question: Fiscal policy is most likely to be effective when which of the following characterize the IS/LM curves: a)IS curve is steep and LM curve is

Fiscal policy is most likely to be effective when which of the following characterize the IS/LM curves:

a)IS curve is steep and LM curve is flat

b)IS curve is flat and LM curve is flat

c)IS and LM are steep

d)IS is flat and LM is steep

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