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1S pods mkt m ajom

YCt 1+G (XM o)


-

vah n the Y.
Ipens

C =T+ (y-T)
Y-bulpnt/ inttme(rn
I I-br oppor tuq es
investmmt IL.

AB

AG +l+ G.
TS Y AE

igher I nr
AE LoweY ) demad
Es

Eb ESG

Iaher AG ma
y h donmad
rlwer
EDG
a AET Y

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T, I1, r a r
T 1s GE)
8)- ughhnArds L)-Lekbiards
)-shisis

nMmkt

LM Assets mkt

Mow mankel Bmd mkt

Y70

cosE holdins maey


-Oppor hug
maney u Lnd
Y Yin lasoPp (ost f helduna
money dmand

hsldine moy u hujh L L


rToPPcos of

mni dunand
yely

hr k,h 70P k
L = kY-
M-Nominal mmx Pr
M -
Re wmi pp

LM m L(,
M
kY-hr
UM
d( D - kdy-h dr

k d = hdr
k

M kYhY 1 L
L way wen Y).
LM

hishur Lwe
ESM

EDD Lovo Lmahe


EDM

M Lu
MT
5SM LM

ESa A EDG/ESG
ESM
EDMEs
bEDG

D
ES
EDM

ED

AE Lo dmnarnd fr
Yhuih I ln
qoTd v low ESG

Sgroods mkt.
AD

1S
LM

LM
AD LM

No kY- r
R
M

Y
LM

1S

s l /monuh
Yo
pi 7 AD (R
M
R LM

AD
e

LRAS (O Labrur
LAAS

Nahura kesourte
Te chnsl

SRAS
SRAS Am.

Y= Ya[P-P)

Y-YA + alf-e)

YN
y

P R
Pe

Y=Y+ alp-pe).
SEAS
RAS P e

LRAS curve P-P


P -P
n the
/ te LRAS uve
not m
econmmmy
t e

PP evel
level (P)
( P)
achua pice
watever is t
Pkollows ha

wt
st of prrdn: T
P T
e P, pplg b nosoare les
Profithi
SRAs )(L)
(S) (k)
SRAS (s) ().
2 PP w WV> o p Pf T
vable 1P,****"

LKAS

SRAS

SRAS,

AD
AD

YY
A B
Ppe
P YJ
R

P N cepv prof:
=)i vem ?, p p y move SRAS (

1S
C, T, a, M <
LM
7foP
290
LR AS

SRAS, LM

D
P

prefy
P7BP wt cop:f )
sRAs E)( )
) i von ?,
PT t P2
Y-YN pi
s R A5 SA

oi
S R

SRAS

/
Evev
Y tn low

W
AD

Y
LKAS

SR
sKAS,

Y YN

L K A S
LRPC

S R A S

SRPC

AN

PT
Erplqmint T mmr merv (a
(Y
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SRPC
higts Move memt io alane the
AD

SRPC Motls in ta oppon te


rechm
SRAS LRPC
LRAS

C
SRAS

SRPC

AD

Y
PA
Y u

Y A
'****

**

6.UN

As expseted mtahi
1 , SRPC s F
pas brtuoh ptmt D.
As t t achd
wahon v S/, it
w.st be to tthe

,Cgo pom A apvestnt u poid

Khere achaad mphm S-. ane the


pehed ilatinm u
3/
LRAS
T LRP
SRAs

LRAS

SRAS
LRPC
SRAS

SR

No. TT bwt Y=YN,


N
Y <YN
NO Po

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