Copyright © 2011 Cengage Learning 33 Keynes and IS–LM Analysis.

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Copyright © 2011 Cengage Learning 33 33 Keynes and IS–LM Analysis

Transcript of Copyright © 2011 Cengage Learning 33 Keynes and IS–LM Analysis.

Page 1: Copyright © 2011 Cengage Learning 33 Keynes and IS–LM Analysis.

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3333Keynes and IS–LM Analysis

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Figure 1 Deflationary and Inflationary Gaps (1)

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Figure 1 Deflationary and Inflationary Gaps (2)

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Figure 2 The Slope of the Expenditure Line and Changes in Autonomous Expenditure (1)

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Figure 2 The Slope of the Expenditure Line and Changes in Autonomous Expenditure (2)

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Figure 3 The IS Curve (1)

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Figure 3 The IS Curve (2)

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Figure 4 The LM Curve (1)

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Figure 4 The LM Curve (2)

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Figure 5 General Equilibrium

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Figure 6 The Effects of Fiscal and Monetary Policy (1)

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Figure 6 The Effects of Fiscal and Monetary Policy (2)

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Figure 7 Maintaining Interest Rates Constant Following a Rise in the IS Curve

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