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Crowding-out is eliminated when the LM curve is ________, so that expansionary fiscal policy ...

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Crowding-out is eliminated when the LM curve is ________, so that expansionary fiscal policy ...

Crowding-out is eliminated when the LM curve is ________, so that expansionary fiscal policy ________ the interest rate.
A) vertical, does not affect
B) vertical, raises
C) horizontal, does not affect
D) horizontal, raises

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Macroeconomics

Edition: 12^th

Author: Gordon

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