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What is aggregate representation?

Updated: 12/13/2022
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What is IS-LM model?

It is a diagrammatic representation of a model of aggregate demand determination based upon the locus ofequilibrium points in the aggregate expenditure sector (IS) and the monetary sector(LM).


What is IS LM model?

It is a diagrammatic representation of a model of aggregate demand determination based upon the locus ofequilibrium points in the aggregate expenditure sector (IS) and the monetary sector(LM).


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In an aggregate demand-aggregate supply diagram what will equal decreases in government spending and taxes do?

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What is aggregate demand and what are the factors that affect aggregate demand?

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