IS–LM model

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IS–LM model is a model of aggregate demand that shows what determines aggregate income for a given price level by analyzing the interaction between the goods market and the money market. (Cf. IS curve, LM curve.)

Definition

According to Macroeconomics by Mankiw (7th edition),

IS–LM model. A model of aggregate demand that shows what determines aggregate income for a given price level by analyzing the interaction between the goods market and the money market. (Cf. IS curve, LM curve.)
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