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If investment demand is infinite below some certain r (e.g., r**) and zero above r**, then the IS curve is ______ and ______ policy has no effect on output.
States
Political entities within a country, having a defined territory, government, and certain sovereign rights.
Contract Law
The branch of legal study that deals with the formation, enforcement, and interpretation of agreements between parties.
Co-Insurance Clause
A provision in insurance policies that requires the insured party to bear a portion of the loss, promoting the insured's interest in the property's safety.
Fire Insurance
A type of property insurance that covers damage and losses caused by fire.
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