In the IS/LM model explain what happens to equilibrium output and interest rate if government simultaneously pursues expansionary fiscal policy and the central bank opts for a contradictionary monetary policy. Show with the help of a graph along with a very brief verbal explanation.

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Q: None

A: Referencehttps://www.imf.org/en/Publications/fandd/issues/Series/Back-to-Basics/Monetary-Policy

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