How to draw it? R rI r2 Y Y S 45 Y S
How to draw it? R Y S I 450 I IS r1 S r2 I2 I1 S1 S2 Y1 Y2
Imbalance in the goods market R ES E=Y ES <s ED E<Y >S E>Y Y 复具济器院
Imbalance in the goods market R Y IS ED ES I>S E>Y I<S E<Y I=S E=Y
R R IS Curve S R R2 2 Y Y2Y S 45 S2 S Y 复具济器院
R R II YY S S 45 I S R 1 I 1 S 1 Y 1 IS R 2 Y 2 I2 S2 IS Curve
S Curve When Interest Rate=R1,I=11 When Interest Rate=R2, I =2 R R R Y1 Y2 Y1 Y2 复经济学院
S, I Y Y R Y1 Y2 I1 S Y1 I2 Y2 R1 R2 IS When Interest Rate=R1 , I = I1 IS Curve When Interest Rate=R2 , I = I2
5.2LM Curve o Financial Markets Equilibrium Money Demand Money Supply ⊙ LM Curve Conditions For Equilibrium: Ms=Md d =kr -hr M=M MIP=ky-hr 友学经济学院
5.2 LM Curve Financial Markets Equilibrium ❖ Money Demand = Money Supply LM Curve ❖ Conditions For Equilibrium：Ms=Md M s = M0 M P k y hr M k Y hR d d = − = − /