intermediate macroeconomics

Project description
Answer these four questions

1) Describe carefully the meaning of crowding out and the circumstances that make
the crowding out bigger.
2) Discuss carefully the effect of an expansionary monetary policy in the IS-LM
model.
3) What is a liquidity trap? Can you give some example or recent liquidity trap cases
in the US or abroad?.
4) Derive carefully the AD curve from the IS-LM model.

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