In the theoretical IS-LM model, the LM curve is derived based on the assumption that the FED
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In the theoretical IS-LM model, the LM curve is derived based on the assumption that the FED has complete control over the money supply. Explain how the Fed is supposed to control the money supply in theory. In the real world, can the Fed control the money supply? Explain.
Related Book For
E-Commerce Essentials
ISBN: 978-0133544985
1st edition
Authors: Kenneth C. Laudon, Carol Guercio Traver
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