Bob concept of is-lm model

BOB
1.1 . The concept of the IS-LM model. The general study of the conditions for achieving a common balance in the commodity and money market and the effect of macroeconomic policy measures on these two markets is carried out using the IS - LM model. The IS-LM model was first introduced in 1937 by J.It was proposed by Hicks to comment on Keynes ' macroeconomic concept, and in 1949 A. Hansen's book,” Monetary Theory and fiscal policy", became widely published after its publication. This model is therefore also referred to as the Hicks model or the Hicks-Hansen model.
The i s-LM model characterizes the mechanism by which both goods for a short period of time and goods are balanced together in the money market. In this case, the market for goods is understood as the market for both consumer and investment goods.
In macroeconomics, we use the aggregate demand - aggregate supply (AD - as aggregate demand – aggregate supply) model to investigate the correlation between the change in the total price level along with the change in the volume of national production, why the volume of national production will grow steadily in certain periods, and in some periods to isolate the decline. This model uses aggregate indicators such as gross demand and supply, the general level of prices. In macroeconomics, the AD-AS model is the primary model for studying fluctuations in production volumes and price levels as well as the consequences of their change, and several other models are proprietary ad-AS models. Various variants of state economic policy can be described using the ad-AS model.Keynes's macroeconomic equilibrium model has clarified the aggregate demand-aggregate supply model for short-term macroeconomic policy purposes, of which it is private.
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