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Using the ISLM model,explain the effects of a monetary expansion combined with a fiscal contraction. How do the equilibrium level of output and interest rate change?
Social Security Tax
A mandatory government tax taken from workers' earnings to fund the Social Security program, which provides retirement, disability, and survivor benefits.
Medicare Tax
A federal tax deducted from an individual's wages to fund the Medicare program, which provides healthcare benefits to eligible elderly and disabled individuals.
Computer Programmer
A specialist who writes, tests, and maintains computer software or applications.
Employment Agency
A business that has lists of job openings and charges a fee to find jobs for people.
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