Question: Indicate whether the following statements are true, false or uncertain. In each case you must provide a brief explanation for your answer. (Marks are only

 Indicate whether the following statements are true, false or uncertain. In

Indicate whether the following statements are true, false or uncertain. In each case you must provide a brief explanation for your answer. (Marks are only given for your explanation Eyour answer is correct.) Consider the following model of the IS curve without an international sector: Consumption: C, H7, = a; EAR, F), 5' :5 0; Investment: I, If; = E,- EAR, F), E,- > D; and Government expenditure: G, = 55?, With this formulation, the investment multiplier will be smaller than the "standard\" formula. Note that your answer must start with "True\

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