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Business, 24.10.2021 04:30 madgiemiller2309

The government closure in the U. S. in 2013 has made some banks on Wall Street feel feared, leading to the widespread concerns of bank runs. As a result, a majority of commercial banks decided to keep more reserves. How would this change affect our economy’s output and interest rate in the short run? Show the effect on the interest rate and output using an IS-LM mode

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