5.2 LM Curve Ms=400L1=M=0.25Y 2=Ma=250-2000R M4=0.25Y+(250-2000R) Conditions for Equilibrium: Ms=Md LM Curve:400=0.25Y+250-2000R Y=600+8000R 友学经济学院
5.2 LM Curve ❖ Ms =400 L1=Mt=0.25Y L2=Ma =250 – 2000R Md=0.25Y+(250 – 2000R) ❖ Conditions for Equilibrium： Ms=Md ❖ LM Curve： 400=0.25Y + 250 – 2000R Y=600 + 8000R
5.2 LM Curve Y=600+8000R Y R LM 0.16 0.14 6000 0.12 0.1 1000|00508 0.06 0.04 140001 0.02 Y 600 1000 1400 1800 友学经济学院
5.2 LM Curve Y = 600 + 8000 R LM 0 0.02 0.04 0.06 0.08 0.1 0.12 0.14 0.16 600 1000 1400 1800 Y R Y R 600 0 1000 0.05 1400 0.1
How to draw it? R R2 RI A1:A2 2 H Y T 叫a如 MS=OH=OK K 且学终院
How to draw it? R Y Mt Ma LM Ma R1 Mt R2 A1 A2 T1 T2 Y1 Y2 K H O Ms=OH=OK
Excess Demand and Excess Supply in Financial markets R ES Md<Ms M=M B(Y↑,Mt↑) M>M ED Y 复具济器院
Excess Demand and Excess Supply in Financial Markets R Y LM Md=Ms A (Y , Mt C ) (Y , Mt ) B Md>Ms ES Md<Ms ED
Unbalance In Financial Markets R LM MsM Md=M ES M>M ED Y 复经济学院
Unbalance In Financial Markets R Y ED ES Md>Ms Md<Ms LM Md=Ms