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Exhibit: IS*-LM* A small open economy with a fixed exchange rate e2 is initially at equilibrium A with
and equilibrium output Y1. If there is an increase in government spending to the new equilibrium will be at _____, holding everything else constant.
Federal Courts
Specialized courts in the United States with the power to try cases related to federal law and constitutional issues.
Taxing Power
The authority granted to governmental bodies to impose taxes on individuals, corporations, and other entities within their jurisdiction.
Regulatory Device
Tools or mechanisms used by governmental bodies to control or influence the behavior of individuals, businesses, or other entities in order to enforce laws and regulations.
Federal Assistance
Financial or other aid provided by the federal government to individuals, organizations, or states, for purposes such as disaster relief, education, or health care.
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