1. Income Determination Model Including Money and Interest 2. Session Outline The Goods Market and the IS Curve Deriving the IS Curve The Money Market and the LM Curve Deriving…
Slide 1 Slide 2 goods market The market in which goods and services are exchanged and in which the equilibrium level of aggregate output is determined. money market The market…
Slide 1 Aggregate Demand I: Building the IS-LM Model Chapter 11 of Macroeconomics, 8 th edition, by N. Gregory MankiwMacroeconomics ECO62ECO62 Udayan RoyUdayan Roy Slide…
Chapter 22 Chapter 22 Aggregate Demand and Supply Analysis 1 Aggregate demand is made up of four component parts: C = consumption expenditure, the total demand for consumer…