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For example, in the IS-LM graph shown here, the IS curve shows the amount of the dependent variable spending (Y) as a function of the independent variable the interest rate (i), while the LM curve shows the value of the dependent variable, the interest rate, that equilibrates the money market as a function of the independent variable income ...
A curve may have equivalent parametrizations when there is a continuous increasing monotonic function relating the parameter of one curve to the parameter of the other. When there is a decreasing continuous function relating the parameters, then the parametric representations are opposite and the orientation of the curve is reversed. [1] [2]
In the case of two goods and two individuals, the contract curve can be found as follows. Here refers to the final amount of good 2 allocated to person 1, etc., and refer to the final levels of utility experienced by person 1 and person 2 respectively, refers to the level of utility that person 2 would receive from the initial allocation without trading at all, and and refer to the fixed total ...
Contract curve; Cost curve; Demand curve. Aggregate demand curve; Compensated demand curve; Duck curve; Engel curve; Hubbert curve; Indifference curve; J curve; Kuznets curve; Laffer curve; Lorenz curve; Phillips curve; Supply curve. Aggregate supply curve; Backward bending supply curve of labor
Current events; Random article; About Wikipedia; Contact us; Contribute Help; ... Media in category "Economics curves" This category contains only the following file.
This happens in the linear case if the supply and demand curves have exactly the same slope (in absolute value). If the supply curve is less steep than the demand curve near the point where the two curves cross, but more steep when we move sufficiently far away, then prices and quantities will spiral away from the equilibrium price but will not ...
The AD curve will have a positive, vertical intercept as long as there is some aggregated demand—from consumer spending, investment, net exports, or government spending—even if there is no national output. [5] The slope of the AD curve is steeper given a high multiplier value. [6]
If this phenomenon is presented in a graph with a Y-axis for value-added and an X-axis for value chain (stage of production), the resulting curve appears like a "smile". Based on this model, the Acer company adopted a business strategy to reorient itself from manufacturing into global marketing of brand-name PC-related products and services.