Re: IS & LM Vertical Conditions

Posted by Abhinav joshi on Apr 26, 2018; 4:55am
URL: http://discussion-forum.276.s1.nabble.com/IS-LM-Vertical-Conditions-tp7609055p7609073.html

Shifting actually depends on the slope of IS AND LM , if they are vertical  ( interest inelastic)then any policy will shift them left or right
But when the elasticity is less than infinity then any policy change would shift them up and down