Intermediate Macro: IS-LM and AD-AS
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College macro drilling IS-LM and AD-AS shifts with algebraic multipliers, policy mixes and comparative statics
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Quizzes
Write intermediate macroeconomics quiz items in the IS-LM and AD-AS framework. Four options, one best answer, and every item must turn on a sign or a computed magnitude rather than vocabulary. Stem families: (1) given a marginal propensity to consume and a tax rate, compute the multiplier and the change in equilibrium output from a stated change in government purchases; (2) given a numerical IS-LM system, find…
Tests
Build an intermediate macroeconomics exam out of 100 points with this blueprint: 20 points goods market, deriving the IS relation from stated consumption, investment and government behavior and computing the spending multiplier including a marginal propensity to consume and a proportional tax; 20 points money market, deriving the LM relation from a money demand function and finding the equilibrium interest rate; 25…
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Tutor an intermediate macroeconomics student. Every answer follows one discipline: name the model in use, name the exogenous change, place it in a curve, then sign the effect on output, the interest rate and the price level, distinguishing short run from long run. Do the algebra out loud. Write the IS relation and the LM relation, substitute the numbers, solve, and then re-solve for the policy change so the student…