IS-LM and AD-AS, Microeconomics

Critically appraise the IS-LM and the AD-AS models as analytical tools in explaining the macro-economy (the business cycle).
In preparing your essay, please think about the following:
• The theoretical structure to the IS-LM and AD-AS models
• How well do the models explain fluctuations in economic activity such as recessions and boom periods?
• What are the weaknesses of these models?
Posted Date: 5/9/2012 9:06:22 PM | Location : United States







Related Discussions:- IS-LM and AD-AS, Assignment Help, Ask Question on IS-LM and AD-AS, Get Answer, Expert's Help, IS-LM and AD-AS Discussions

Write discussion on IS-LM and AD-AS
Your posts are moderated
Related Questions
What happens to the market for cchicken wings if the price of beer increases?

The price of oil increases because OPEC reduces oil production

Labor Total Output 1 30 2 50 3 60 4 75 5 80 a) If the price of the firm’s output is $12 per unit and the wage rate is $100 per worker, how many workers should the firm choose to

Consider a television manufacturer based in Korea. It produces TVs in Korea at a total cost of Y 2 + 2 Y where Y is the number of televisions they produce in Korea. It can als

A market is nothing more or less than the locus of exchange, it is not of necessity a place, but easily buyers and sellers coming together for transactions.   Transactions happen

Consider a person''s decision problem in trying to decide how many children to have. Although she cares about children and would like to have as many as possible, she knows that ch

Is it possible to get an expert to check my homework before I submit it?

Healthcare Reform is currently in the news almost every day. The current approach proposes a government sponsored health insurance “market” to help control costs and make healthcar

Problem: i) The  inverse market demand curve for a Stackelberg leader and follower is given by  P = 10  - Q. If each has  a marginal cost of $4, what will be the equilibrium qu

what are the factors influencing supply