In the IS-LM model the money supply is assumed to be:

Name: In the IS-LM model the money supply is assumed to be:
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In the IS-LM model, the money supply is assumed to be exogenous, meaning it is determined outside of the model and is not influenced by changes in interest rates or other economic variables within the model. This assumption allows for the model to focus on the relationship between interest rates, output, and prices without complicating the analysis with changes in the money supply.

In the IS-LM Model the Money Supply Is Assumed to Be