1 Answered Questions for the topic Monetary economics

01/18/20

Hicksian IS LM framework and Conditions of Policy effectiveness

Consider closed economy described by IS-LM model:Consider closed economy described by IS-LM model:PE = Ca + MPC(Y - T) + I(r) + GAE = YM/P= L(Y,r)Case 1: Investment trap. Assume investments are nor... more

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