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What is LM-IS function?

What is money function?

What is saving and cost function?

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Raushan Raj
Raushan RajLv8
28 Sep 2019
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Related questions

What does the “IS” stand for in the IS-LM model?

    1. Investment-Saving.

    2. Income-Supply

    3. Investment-Supply

    4. Income-Saving

1. Assume that the equilibrium in the money market may be described as M/P = 0.5Y - 100r, and M/P equals 800.

a. Write the LM curve two ways, expressing Y as a function of r and r as a function of Y. (Hint: Write the LM curve only relating Y and r; substitute out M/P.)

b. What is the slope of the LM curve?

c. If r is 1 percent, what is Y along the LM curve? If r is 3 percent, what is Y along the LM curve? If r is 5 percent, what is Y along the LM curve?

d. If M/P increases, does the LM curve shift upward and to the left or downward and to the right?

e. If P increases and M is constant, does the LM curve shift upward and to the left or downward and to the right?

Ā 

If the demand function for money is m/p = 0.5y ā€“ 100r, then the slope of the lm curve is:
A) 0.001.
B) 0.005.
C) 0.01.
D) 0.05.

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