EC 400
1
The IS Curve
This lecture covers the derivation of
This lecture covers the derivation of
the IS curve.
It also discusses its properties.
The IS Curve
•
Combinations of the rate of interest and
the level of real GDP at which total
expenditure is equal to output.
The IS Curve
•
Combinations of the rate of interest and
the level of real GDP at which total
expenditure is equal to output.
•
Why do we want to fool with this?

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