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Policymakers can use the IS-LM model developed in Chapter 21 "IS-LM"to help them decide between two major types of policy responses, fiscal (or government expenditure and tax) or mo
neta
ry (interest rates and money). As you probably noticed when playing around with the IS and LM curves at the end of the previous chapter, their relative positions matter quite a bit for interest rates and aggregate output. Time to investigate this matter further.
2019年03月22日 20点03分
1
neta
ry (interest rates and money). As you probably noticed when playing around with the IS and LM curves at the end of the previous chapter, their relative positions matter quite a bit for interest rates and aggregate output. Time to investigate this matter further.