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According to the Keynesian IS-LM Model,what Is the Effect of Each

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Essay

According to the Keynesian IS-LM model,what is the effect of each of the following on output,the real interest rate,employment,and the price level? Distinguish between the short run and the long run.
(a)Expected inflation decreases.
(b)Labor supply increases due to a change in demographics.
(c)The future marginal product of capital increases.


Definitions:

Urinary Bladder

An organ that stores urine produced by the kidneys before it is expelled from the body.

Ureter

A tube that carries urine from the kidneys to the bladder for storage until elimination.

Urethra

The duct through which urine exits the body from the urinary bladder, and in males, also conveys semen during ejaculation.

Renal Pelvis

The central part of the kidney where urine collects before moving into the ureter and then the bladder.

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