IS and LM curves, their characteristics, and limitations to understand macroeconomic equilibrium in goods and money markets.

Supply is generally considered to slope upward: as the price rises, suppliers are willing to produce more. Demand is generally considered to slope downward: at higher prices, consumers buy less. The ...

If we look at a frozen instant of time, we can get well-defined supply/demand curves - at least if we assumed the bond market followed a simplified screen-based trading structure.

The objective of this paper is to show that circumstantial and empirical evidence for the existence of labour supply and demand curves is at best inconclusive and at worst casts doubt on their ...

In the textbook Keynesian macroeconomic model, macro-equilibrium for the economy is depicted as the intersection of two curves, one for aggregate supply and the other for aggregate demand.

Also, if the credit is not available to everyone, it won’t shift the demand curve by exactly $8,000 at every point, because the demand curve for houses is the sum of every individual’s demand ...