This technical note introduces the basic structure of the workhorse IS/LM model for a closed economy (i.e., one that does not engage in international trade). The note derives the core components of the model and derives predictions of effects of fiscal and monetary policy. The price level is assumed to be fixed, and aggregate demand determines output. This note precedes a more comprehensive treatment of aggregate demand and aggregate supply found in subsequent technical notes.

【書誌情報】

ページ数：14ページ

サイズ：A4

商品番号：HBSP-UV6846

発行日：2014/9/2

登録日：2015/2/5