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The LM curve will be vertical and fiscal policy ineffective when
Intuition
A rapid, effortless process of knowing or understanding something without the use of rational processes.
Statistical Probability
A measure of the likelihood of a specific event or outcome occurring, based on quantitative data and mathematical calculations.
Predictive Accuracy
The ability of a model or method to correctly forecast the outcome of unknown data points or future events.
Coin Tosses
A simple random experiment involving the flipping of a coin to decide between two possibilities, often used to demonstrate basic probability or make unbiased decisions.
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