【文章內(nèi)容簡介】
s interest sensitive is M d, more effective is moary policy relative to fiscal policy 169。 2023 Pearson Education Canada Inc. 8 Ms vs. i Targets When IS Unstable 1. IS unstable: fluctuates from IS39。 to IS39。39。 2. i target at i*: Y fluctuates from YI39。 to YI39。39。 3. M target, LM = LM*: Y fluctuates from YM39。 to YM39。39。 4. Y fluctuation is less with M target Conclusion: If IS curve is more unstable than LM curve, M target is preferred 9 169。 2023 Pearson Education Canada Inc. Ms vs. i Targets When LM Unstable 1. LM unstable: fluctuates from LM39。 to LM39。39。