宏观经济学 曼昆(第五版)ch11.pptVIP

CHAPTER 10 Context Chapter 9 introduced the model of aggregate demand and supply. Chapter 10 developed the IS-LM model, the basis of the aggregate demand curve. In Chapter 11, we will use the IS-LM model to see how policies and shocks affect income and the interest rate in the short run when prices are fixed derive the aggregate demand curve explore various explanations for the Great Depression Equilibrium in the IS-LM Model The IS curve represents equilibrium in the goods market. Policy analysis with the IS-LM Model Policymakers can affect macroeconomic variables with fiscal policy: