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gptkbp:instanceOf
|
macroeconomic model
|
|
gptkbp:alsoKnownAs
|
gptkb:Hicks-Hansen_model
|
|
gptkbp:analyzes
|
effects of fiscal policy
effects of monetary policy
|
|
gptkbp:appliesTo
|
closed economy
|
|
gptkbp:assumes
|
exogenous money supply
fixed price level
no international trade
short-run analysis
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gptkbp:basedOn
|
gptkb:Keynesian_economics
|
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gptkbp:component
|
gptkb:IS_curve
gptkb:LM_curve
|
|
gptkbp:criticizedFor
|
gptkb:monetarists
gptkb:new_classical_economists
|
|
gptkbp:describes
|
relationship between interest rates and real output
|
|
gptkbp:developedBy
|
gptkb:John_Hicks
gptkb:Alvin_Hansen
|
|
gptkbp:excludes
|
expectations explicitly
|
|
gptkbp:extendsTo
|
gptkb:Mundell-Fleming_model
|
|
gptkbp:graphAxes
|
interest rate (vertical axis)
real GDP (horizontal axis)
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
IS-LM model
|
|
gptkbp:influenced
|
postwar macroeconomic thought
|
|
gptkbp:influencedBy
|
gptkb:General_Theory_of_Employment,_Interest_and_Money
|
|
gptkbp:introducedIn
|
1937
|
|
gptkbp:IS_curve_represents
|
equilibrium in the goods market
|
|
gptkbp:LM_curve_represents
|
equilibrium in the money market
|
|
gptkbp:usedFor
|
policy analysis
teaching macroeconomics
|
|
gptkbp:usedIn
|
macroeconomics
|
|
gptkbp:bfsParent
|
gptkb:John_Hicks
gptkb:Keynesian_economics
gptkb:neoclassical_synthesis
|
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gptkbp:bfsLayer
|
5
|