What does the name of the IS curve stand for? Note the following identity might give you some… 1 answer below »
What does the name of the IS curve stand for? Note the following identity might give you some hint:My to break the left-hand side of the above equation into three kinds of savings. We have discussed under the consumption model the idea of precautionary savings. Does the idea of precautionary saving apply to the government level and/or the country level? Be creative and please give some concrete examples.
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