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About 19.4 The Static IS-LM Model: Firm in A Monopolistic Competition Long-Run Equilibrium
- The document describes the static IS-LM model, which examines the interaction between the output market and financial markets in the short run. - It presents the aggregate demand function and its components, including consumption, investment, government spending, and taxes. It also describes money demand and bond pricing in financial markets. - The model assumes excess capacity in production, so that output can adjust to demand changes by varying employment, rather than prices.
Detailed Information
| Author: | ['Inde92'] |
|---|---|
| Publication Year: | 2016 |
| Pages: | 20 |
| Language: | English |
| Format: | |
| Price: | FREE |
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