Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hi, I have to apply the IS-LM model in the real statistics. What statistics/data provided by government (e.g. US Census/Statistics Canada) could I use to
Hi, I have to apply the IS-LM model in the real statistics.
What statistics/data provided by government (e.g. US Census/Statistics Canada) could I use to determine whether the IS-LM model fits the real world situation or not?
Plus, how can I apply those stats to the IS-LM model?
Currently, I am planning to state two 10 year datasets, one that IS-LM not fitting in the real world (the Great Depression) and one that the model fits the real world (which 10 year period should I do).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started