X hits on this document

72 views

0 shares

0 downloads

0 comments

11 / 18

The LM Curve

Depicts equilibrium in the money market (L = M), as well as the Bond Market (by Walras Law).

A plot of the equilibrium interest rate for various levels of output or income versus the interest rate, within the money market for a given level of the nominal money supply.

Document info
Document views72
Page views72
Page last viewedSun Jan 22 13:04:14 UTC 2017
Pages18
Paragraphs109
Words692

Comments