Difference between movements along is and lm curves
What is the difference between movements along IS and LM curves ?
What are their economic implications?
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Problem of A firm production function 4x1/3 y1/3, Price of output is 1 and price of each input is 1. Constrained is to use 1000 units of input x.
If the table represents the demand faced by a monopoly firm, then what is that firm's marginal revenue as it increases output from 1300 units to 2200 units? Show all work.
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What is the difference between movements along IS and LM curves? What are their economic implications?
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