Some articles on macroeconomic models, model:
... The IS/LM model represents the equilibrium in interest rates and output given by the equilibrium in the goods and money markets ... The IS/LM model is often used to demonstrate the effects of monetary and fiscal policy ... Textbooks frequently use the IS/LM model, but it does not feature the complexities of most modern macroeconomic models ...
Famous quotes containing the word models:
“Friends broaden our horizons. They serve as new models with whom we can identify. They allow us to be ourselvesand accept us that way. They enhance our self-esteem because they think were okay, because we matter to them. And because they matter to usfor various reasons, at various levels of intensitythey enrich the quality of our emotional life.”
—Judith Viorst (20th century)