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Definition of the IS Curve:
The IS curve shows combinations of interest rates and levels of output such that planned spending equals income. 'OR' The IS Curve represents various combinations of interest and income along which the goods market is in equilibrium.
The IS curve shows combinations of interest rates and levels of output such that planned spending equals income. 'OR' The IS Curve represents various combinations of interest and income along which the goods market is in equilibrium.
Definition of the IS Curve:
The IS curve shows combinations of interest rates and levels of output such that planned spending equals income. 'OR' The IS Curve represents various combinations of interest and income along which the goods market is in equilibrium.
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