Define the is-lm model and the keynesian model, Microeconomics

Assignment Help:

What are the differences between the IS-LM model and the Keynesian model? 

The 'simple' Keynesian model is a simplified model to exemplify Keynes's idea about the equilibrium income.

On the other hand, the IS-LM model is a more general model (involving more variables, e.g., P and r) to demonstrate Keynes's idea about the equilibrium income. 

 


Related Discussions:- Define the is-lm model and the keynesian model

Consumption of services and goods, Services and goods that are used for the...

Services and goods that are used for their ultimate end purpose, meeting some human desire orneed. Consumption may include private consumption (by individuals, financed from their

Average fixed costs, how do you find the average fixed costs using total fi...

how do you find the average fixed costs using total fixed costs and total product?

Measuring economies of scale in long run, Economies and Diseconomies of Sca...

Economies and Diseconomies of Scale -Economies of Scale Increase in the output is greater than increase in the inputs. -Diseconomies of Scale Increase in the

Contingent commodity framework, 1) Lynne's income is £2, 000 and she is ris...

1) Lynne's income is £2, 000 and she is risk averse. The probability of someone slipping on her stairs is 1/8. If this happens, she will be sued for £1, 000 and will have to pay th

Microeconomics assignments, a severe restriction occurs to the availability...

a severe restriction occurs to the availability of consumer credit throughout the banking and finance system

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd