Add Papers Marked0
Paper checked off!

Marked works

Viewed0

Viewed works

Shopping Cart0
Paper added to shopping cart!

Shopping Cart

Register Now

eKönyvtár library
FAQ
 

Great deal: today with a discount!

Regular price:
1 433 Ft
You save:
271 Ft
Discounted price*:
1 162 Ft
Purchase
Add to Wish List
ID number:284108
Evaluation:
Published: 09.11.2004.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

During the years after World War II, the development of the IS-LM model took several directions. Probably, the most prominent ideas on that theory were expressed in the work of John Hicks called "Mr. Keynes and the Classics". The model expressed in the article was largely based on the works of John Maynard Keynes and became a widely accepted as the alternative framework to standard Keynesian analysis. The IS-LM model is a way of modelling equilibrium in the economy by looking at equilibrium in the goods and services markets (the IS curve) and equilibrium in the money markets (LM curve). Where both these markets are in equilibrium will be the equilibrium level of income. The IS-LM model looks at income against the rate of interest. Hicks used this model to explore the assumptions concerned with investment, savings and the supply and demand for money. The IS-LM model can also be used for the analysis of crowding out of private sector investment caused by government intervention in the economy. In my work I would like to show the detailed mechanism according to which increase in government spending leads to reduction in the private investment and consider the factors by which this economic phenomena is influenced. The main factors of which are elasticities of IS and LM curves and degree of multiplier effect by which IS curve is affected.…

Author's comment
Work pack:
GREAT DEAL buying in a pack your savings −1 158 Ft
Work pack Nr. 1290155
Load more similar papers

Send to email

Your name:

Enter an email address where the link will be sent:

Hi!
{Your name} suggests you to check out this eKönyvtár paper on „IS, LM Model and Explanations”.

Link to paper:
https://eng.ekonyvtar.eu/w/284108

Send

Email has been sent

Choose Authorization Method

Email & Password

Email & Password

Wrong e-mail adress or password!
Log In

Forgot your password?

Facebook

Not registered yet?

Register and redeem free papers!

To receive free papers from eKönyvtár.com it is necessary to register. It's quick and will only take a few seconds.

If you have already registered, simply to access the free content.

Cancel Register