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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 MatchesIS-CurveIS-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. Social indifference curveSocial indifference curveA curve showing the combinations of goods that, when available to a country, yield the same level of social welfare. Compensated 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. Reciprocal demand curveReciprocal demand curveAn offer curve. So called to emphasize that a country exports in order, reciprocally, to get imports in return. Contract curveContract curve1. In an Edgeworth Box for consumption, the allocations of 2 goods to 2 consumer that are Pareto efficient. Starting with an allocation that may not be on the contract curve, it shows the ways that the consumers might contract to exchange the goods with each other. 2. In an Edgeworth Box for production, this name is sometimes also used for the efficiency locus. Further SuggestionsLearning curveStopping curve Death Valley Curve Laffer curve Parallel shift in the yield curve Riding the yield curve Theoretical spot rate curve Demand curve Offer curve BP-Curve Production possibility curve Reaction curve Elastic offer curve Indifference curve Stopping curve refunding rate Option Pricing Curve Supply curve Environmental Kuznets Curve yield curve Community indifference curve Kuznets Curve Forward curve Inelastic offer curve Iso-price curve Phillips Curve |
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