"1. Derive the LM curve by one of the standard methods shown either in the Gordon Macroeconomics text or in the Soule IMS reference. Be sure to label all axis and curves on your graphs.
Explain in writing to what market your derivation brings equilibrium and how it accomplishes this.
2. Derive the IS curve by one of the standard methods shown in either the Gordon Macroeconomics text or in the Soule IMS reference. Be sure to label all axis and curves on your graphs.
Explain in writing to what market your derivation brings equilibrium and how it accomplishes this.
3. What are the principal differences between flexible and fixed exchange systems?