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Assume the exchange rate is allowed to fluctuate freely.Using the IS-LM-IP model,graphically illustrate and explain what effect monetary contraction will have on the domestic economy.In your graphs,clearly label all curves and equilibria.
South Africa
A country located at the southern tip of Africa, known for its diverse culture, history, and landscapes.
Egypt
A country in Northeast Africa, known for its ancient civilization, pyramids, and its capital city, Cairo.
Philippines
A Southeast Asian country in the Western Pacific, comprising more than 7,000 islands.
Work Disincentives
Factors or conditions that discourage individuals from seeking or maintaining employment, often due to economic policies or social benefits structures.
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