Graphical IS/LM Analysis
Graphical IS/LM Analysis. General Framework for Describing an Economy as a System of Equations IS schedule: Y = C(Y) + i(r) + g, C Y >0, i r <0 LM schedule: M/P = L(Y,r), L Y >0, L r <0 Labor Supply: N = t(W, τ), t w >0, t τ<0 Labor Demand: W/P = f N (k)
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