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The IS-MP-PC Model
Автор: Scott W. Hegerty
Загружено: 2023-02-14
Просмотров: 13844
Описание:
This model extends the traditional IS-LM/AS-AD model into a more modern approach where interest rates are set by the central bank rather than purely in the market. The IS, MP, and PC curves represent the goods market, monetary policy, and the Phillips Curve, respectively. Fiscal and monetary policy have an impact on output, prices, and employment in the economy.
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