The IS/LM model (Investment—Saving / Liquidity preference—Money supply) is a macroeconomic tool that demonstrates the relationship between interest rates and real output in the goods and services market and the money market. The intersection of the IS and LM curves is the "general equilibrium" where there is simultaneous equilibrium in both markets.
Read more about IS/LM Model: History, Formation, Shifts, Incorporation Into Larger Models
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“One of the most important things we adults can do for young children is to model the kind of person we would like them to be.”
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