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IS-Curve |
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IS-CurveIn the IS-LM model, the curve representing the combinations of national income and interest rate at which aggregate demand equals supply for all goods. It is normally downward sloping because a rise in income increases output by more than aggregate demand (through consumption), while a rise in the interest rate reduces aggregate demand through investment.Similar MatchesCompensated demand curveCompensated demand curveA demand curve constructed under the assumption that demander's income is not held constant, but rather is varied to hold level of utility at a constant level. The change in consumer surplus calculated from particular compensated demand curves measures compensating variation and equivalent variation. Environmental Kuznets CurveEnvironmental Kuznets CurveAn inverse U-shaped relationship hypothesized between per capita income and environmental degradation. Named after the Kuznets Curve dealing with inequality. Idea due to Grossman and Krueger (1993). Iso-price curveIso-price curveA curve along which price is (or prices are) constant, most commonly in factor-price space where it shows the combinations of prices of factors consistent with zero profit in producing a good at a specified price of the good. Stopping curveStopping curveA curve showing the refunding rates for different times at which the expected value of refunding immediately equals the expected value of waiting to refund. LM-CurveLM-CurveIn the IS-LM model, the curve representing combinations of income and interest rate at which demand for money equals the money supply in the domestic money market. It is normally upward sloping because an increase in income increases demand for money while an increase in the interest rate reduces demand for money. Further SuggestionsPhillips CurveReciprocal demand curve Riding the yield curve Social indifference curve Parallel shift in the yield curve Spot rate curve Offer curve Contract curve BP-Curve Lorenz Curve Trade indifference curve Option Pricing Curve Production possibility curve Demand curve Scitovszky indifference curve yield curve Theoretical spot rate curve Community indifference curve J-curve Supply curve Laffer curve Elastic offer curve Indifference curve Reaction curve Learning curve |
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