I came across the term '-LM' in a currency context and I'm not sure what it stands for. Could it be a specific currency code or does it have a different meaning in the financial world? I'd like to understand its significance.
7 answers
Federico
Wed Nov 06 2024
This rate serves as a crucial indicator of the cost of borrowing and the return on savings.
RubyGlider
Wed Nov 06 2024
The IS acronym signifies Investment and Savings.
KpopStarletShineBrightnessStarlight
Wed Nov 06 2024
The LM acronym, on the other hand, represents Liquidity and Money.
Andrea
Wed Nov 06 2024
On the vertical axis of the graphical representation, the symbol 'r' is utilized to depict the interest rate associated with government bonds.
BlockProducer
Tue Nov 05 2024
The IS-LM model is a framework in economics that endeavors to elucidate the mechanisms maintaining economic balance.