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Understanding Components of the lS-LM Model ll Consider the following reduced form version of the IS-LM model: Goods Market equilibrium: Y _ CgCng-l-Io-l-Go _ b
Understanding Components of the lS-LM Model ll Consider the following reduced form version of the IS-LM model: Goods Market equilibrium: Y _ CgCng-l-Io-l-Go _ b 161 161 3" Money Market equilibrium: %=m0+kYhr Classify each component as either an endogenous variable, exogenous variable, or a parameter. For each question, select all the choices that apply
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