IS LM model

This is one amazing model which can tell you how to bring the depressed economy back to equilibrium. The model talks about all the effects of government policies that is monetary as well as fiscal. This can give you idea of how the economy is going to respond when stimulus packages are declared and when monetary policies are changed. This is one amazing tool which can simulate the economic condition in the class. All sounds great but all these policy modification has its own implications and negative effects which we haven't talked about in the so far. But there is only one hiccup in all this, the model is difficult understand in first short.