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The level of output is one the most important indicators
of the economic well being of a nation.
In this section
we use a model the IS-LM model
to explain how the level of output is determined
being out discussion of the goods market and the financial market
you'll see that the montage delivers about that
we don't have a look at the impact of fiscal policy and monetary policy
and see how it affects the level of the mall and therefore the outfit labeled in
the economy once you've done this station
you must be able to show and explain
the device in
and ships off the oscars
the device in and shifts of the time couldn't
the impact of
fiscal policy
the impact of monetary policy
and lastly the used of policy makes
when you go through this fiction you'll see we followed a step-by-step approach
piece talked with the oscar good small cont
then we move out of it to be financial market bill incur
we bring the two together to determine level of output
then we discussed fiscal policy
and in fact they are off on the level of output
monetary policy
and how it districts that it was up
and then we discussed
policy makes
it is important
that you chief outcomes of eat substation
for sample
we start with the good small-cap device code
make sure that if she if the outcomes
of that substation before you go
today don't have
the financial sector
once you satisfied you're fat you fellas outcomes
then you got on
to realize on a model
gridlock