IS-LM Model
Definition
A Keynesian macroeconomic model, popular especially in the 1960s, in which national income and the interest rate were determined by the intersection of two curves, the IS-curve and the LM-curve.
Use IS-LM Model in a sentence
“ If you want to try and figure out a new way to proceed you may want to try and use the is-lm model. ”
“ You should try and come up with an is-lm model that will allow others to see the plan that you have. ”
“ The Is-lm model was an important thing for us to pay attention to because it was a model that helped out a lot. ”
