POLICY IMPLICATION IN IS LM FRAMEWORK
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The IS-LM framework is used within the mainstream approach to analyse the impact of fiscal and monetary policy changes on output (income) and interest rates, and by implication, employment. ... Monetary policy changes are thus represented in the IS-LM framework by shifts in the LM curve.
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Answered by
1
The IS-LM framework is used within the mainstream approach to analyse the impact of fiscal and monetarypolicy changes on output (income) and interest rates, and by implication, employment. ... Monetary policychanges are thus represented in the IS-LM framework by shifts in the LMcurve.
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