{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-21T07:10:10-04:00", "answer_date": "2024-06-21 07:10:10", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "3413724", "url": "\/study-help\/questions\/the-islm-model-is-a-powerful-conceptual-framework-allowing-economists-3413724", "question_creation_date_js": "2024-06-21T07:10:10-04:00", "question_creation_date": "Jun 21, 2024 07:10 AM", "meta_title": "[Solved] The IS-LM model is a powerful conceptual | SolutionInn", "meta_description": "Answer of - The IS-LM model is a powerful conceptual framework allowing economists to do the comparative statics of the economy's | SolutionInn", "meta_keywords": "-lm,model,powerful,conceptual,framework,allowing,economists,comparative,statics,economy,s,short-run", "question_title_h1": "The IS-LM model is a powerful conceptual framework allowing economists to do the comparative statics of the economy's short-run equilibrium of fiscal and monetary policy.", "question_title": "The IS-LM model is a powerful conceptual framework allowing economists to do", "question_title_for_js_snippet": "The IS LM model is a powerful conceptual framework allowing economists to do the comparative statics of the economy's short run equilibrium of fiscal and monetary policy Leaving aside polar cases, the IS curve is negatively sloped and the LM curve is positively sloped, so that the IS LM model predicts that a ceteris paribus increase in government purchases will always be able to increase the equilibrium income and the equilibrium interest rate as well as to attain full employment in the economy, irrespective of the size of the increase in ", "question_description": "

The IS-LM model is a powerful conceptual framework allowing economists<\/strong><\/p>

to do the comparative statics of the economy's short-run equilibrium of<\/strong><\/p>

fiscal and monetary policy. Leaving aside polar cases, the IS curve is negatively sloped and the LM curve is positively sloped, so that the IS-LM model predicts that a ceteris paribus<\/em> increase in government purchases<\/strong><\/p>

will always be able to increase the equilibrium income and the equilibrium interest rate as well as to attain full employment in the economy, irrespective of the size of the increase in .<\/strong><\/p>", "transcribed_text": "", "related_book": { "title": "Financial Accounting in an Economic Context", "isbn": "9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292", "edition": "8th Edition", "authors": "Jamie Pratt", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/61.jpg", "uri": "\/textbooks\/financial-accounting-in-an-economic-context-8th-edition-61", "see_more_uri": "" }, "free_related_book": { "isbn": "0679723951", "uri": "\/textbooks\/memories-dreams-reflections-1st-edition-978-0679723950-219585", "name": "Memories Dreams Reflections", "edition": "1st Edition" }, "question_posted": "2024-06-21 07:10:10", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/these-graphs-represent-air-pollutant-measurements-taken-at-two-different", "description": "These graphs represent air pollutant measurements taken at two different locations. 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