lm schedule
DESCRIPTION
LM Schedule. Equilibrium Nominal Interest Rate. r. m 1 =M 1 / P 1. r 2. m d (y 2 ). r 1. m d (y 1 ). m=M / P. M 1 / P 1. - PowerPoint PPT PresentationTRANSCRIPT
LM Schedule
Equilibrium Nominal Interest Rate
r
m=M / P
m1=M1 / P1
md(y1)
r1
M1 / P1
md(y2)
r2