IS-LM and AD-AS, Microeconomics

Assignment Help:
Critically appraise the IS-LM and the AD-AS models as analytical tools in explaining the macro-economy (the business cycle).
In preparing your essay, please think about the following:
• The theoretical structure to the IS-LM and AD-AS models
• How well do the models explain fluctuations in economic activity such as recessions and boom periods?
• What are the weaknesses of these models?

Related Discussions:- IS-LM and AD-AS

What is exchange rate, Q. What is Exchange Rate? Exchange Rate: The ‘pr...

Q. What is Exchange Rate? Exchange Rate: The ‘price' at which currency of one country can be converted into the currency of another country. A country's currency is ‘strong,'or

Composition of trade, Composition of Trade: It is indicative of the st...

Composition of Trade: It is indicative of the structure and level of development of an economy. For instance, most of the UDCs depend for their export earnings on a few primar

Depreciation tax shield, Depreciation T ax Shield The decr...

Depreciation T ax Shield The decrease in corporate income taxes suitable to the deductibility of depreciation from the firm's taxable earnings.  Although depreciat

Substitution effect, Substitution Effect -  The  substitution effect is...

Substitution Effect -  The  substitution effect is change in an item's consumption associated with the change in the price of the item, level of utility held constant. -  Wh

Intro to economic thinking, There are 2 brands of cell phones that are almo...

There are 2 brands of cell phones that are almost identical except for some minor features: the A-Phone and the Pomegranate. Part I Draw the demand curve for the A-Phone. Explain

Risk and cost benefit analysis , COST benefit analysis Costs that ...

COST benefit analysis Costs that are applicable in the project and the benefits that are associated with it are as follows: Risk occurs at different levels. It takes pl

Market structures, Ask question #Minimum 1 00 words accepted#

Ask question #Minimum 1 00 words accepted#

Policy process, explain stages and various coordination mechanism involve...

explain stages and various coordination mechanism involved in policy process

Ppc, ppc shows microeconomics

ppc shows microeconomics

Healthcare economic and finance, Which drug is likely to be the most profit...

Which drug is likely to be the most profitable for its producer (in terms of average “per-drug” profit)?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd