The IS–LM Model & Fiscal Policy Explained · All About Economics #2
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The IS–LM Model & Fiscal Policy Explained · All About Economics #2
Episode 2 of the All About Economics macroeconomics track. We turn Keynes's insight into the workhorse diagram of macro: the IS-LM model. Inside this episode: - Two markets, one economy · goods (IS) and money (LM) - The IS curve · why it slopes down - The LM curve · why it slopes up - Finding equilibrium · convergence to point A - The rigid ...
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