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QUESTION
In the context of the IS/LM model, with the interest rate on the vertical axis, an increase in the marginal propensity to consume will.
- In the context of the IS/LM model, with the interest rate on the vertical axis, an increase in the marginal propensity to consume will....
- A) increase the slope of the IS curve
- B) decrease the slope of the IS curve.
- C) increase the slope of the LM curve.
- D) decrease the slope of the LM curve.
