If the IS-LM model is modified by including perfectly flexible wages and prices, the following general results are obtained:1) Full employment equilibrium is achievable.2) The keynes effect helps to ensure that full employment is reached3) There is no involuntary unemployment4) The demand determined level of employment will be at the full employment level5)all of the aboveplease asnwer your
This question was answered on: Sep 21, 2023
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