Documents Keynesian IS-LM The Keynesian System (II): Money, Interest, and Income.

Slide 1Keynesian IS-LM The Keynesian System (II): Money, Interest, and Income Slide 2 2 Problems with the Income-Expenditure Model What about prices? – Dont they change…

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1. Central bank balance sheet Central Bank – gold standard _____________________________________________________________________________ Gold ($ value = Pg·G) |Banknotes…