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In the ISLM Framework a Contractionary Fiscal Policy Causes Aggregate

question 31

Multiple Choice

In the ISLM framework a contractionary fiscal policy causes aggregate output to ________ and the interest rate to ________,everything else held constant.


Definitions:

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The quality of being appealing or pleasing in appearance, charm, or character.

Experience

the process of gaining knowledge or skill from doing, seeing, or feeling things.

Filibustering

A political strategy in which legislators prolong debate in a legislative assembly to delay or prevent a vote on a proposal.

House Republicans

Members of the Republican Party who serve in the United States House of Representatives, participating in national legislative processes.

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