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Explore the Keynesian Cross model, Economic policy, and Income determination through the IS curve representation in a comprehensive lecture. Compare classical and Keynesian models.
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1. Macroeconomics Lecture 4
The IS curve
2. Outline of this lecture Keynesian Cross model.
Economic policy.
The IS curve representation of the market for goods and services.
[Comparison of the Keynesian Cross and the Classical model.]
3. Income determination