In this video, I merge the IS curve and the LM curve to derive the IS-LM model as the core framework of introductory macroeconomics. I then use the IS-LM model to analyze the effects of fiscal and monetary policy when fighting a recession. In addition, I show what changes when fiscal and monetary policies coordinate as compared to the situation in which they act in isolation.
Macroeconomics: The IS-LM Model For Country: United States. City: Arlington, Cypress, High Point, Louisville, West Covina
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