Читайте также:
|
The IS – LM model combines the elements of the Keynesian cross and
the elements of the theory of liquidity preference. The IS curve
shows the points that satisfy equilibrium in the goods market, and
the LM curve shows the points that satisfy equilibrium in the money
market. The intersection of the IS and LM curves shows the interest
rate and income that satisfy equilibrium in both markets for a given
price level
Y = C (Y - T) + I (r) + G IS,
M/P = L (r, Y) LM.
Keynesian cross
the Keynesian cross shows how income Y is determined for given
levels of planned investment I and fiscal policy G and T.
The Keynesian cross is a basic model of income determination. It takes
fiscal policy and planned investment as exogenous and then shows that
there is one level of national income at which actual expenditure equals
planned expenditure. It shows that changes in fiscal policy have a
multiplied impact on income
Keynesian economics
schools of thought based on the ideas of 20th-century economist John Maynard Keynes. Keynesian economists believe that, in the short run, productive activity is influenced by aggregate demand (total spending in the economy), and that aggregate demand does not necessarily equal aggregate supply (the total productive capacity of the economy). Instead, it is influenced by a host of factors and sometimes behaves erratically, affecting production, employment, and inflation. Keynes believed that
the problem during recessions and depressions was inadequate spending
Дата добавления: 2015-09-11; просмотров: 89 | Поможем написать вашу работу | Нарушение авторских прав |