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LM-Curve |
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LM-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.Similar MatchesElastic offer curveElastic offer curveAn offer curve along which import demand is always elastic. It is therefore not backward bending. Contrasts with inelastic offer curve. Scitovszky indifference curveScitovszky indifference curveAn indifference curve for a group of individuals representing the minimum needed to keep all of them at given levels of utility. A well-behaved family of such indifference curves is defined holding utilities of all but one individual constant and varying only the one. These are useful in discussing the gains from trade. Due to Scitovszky (1942). Reaction curveReaction curveThe graph of a reaction function. Kuznets CurveKuznets CurveAn inverse U-shaped relationship between per capita income and inequality, suggesting that inequality is low in very poor countries, rises as they develop, and then ultimately falls as income rises still further. Hypothesized by Kuznets (1955). 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). Further SuggestionsStopping curveIndifference curve Supply curve Option Pricing Curve yield curve Riding the yield curve Spot rate curve Death Valley Curve Offer curve J-curve Transformation curve Lorenz Curve Positive yield curve Community indifference curve Inelastic offer curve IS-Curve Stopping curve refunding rate Flattening of the yield curve Social indifference curve Inverted yield curve BP-Curve Learning curve Compensated demand curve Demand curve Phillips Curve |
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