Revenue cycling in the SNA

The results of the functioning of the modern market system are focused on the formation of incomes and are largely  determined by them. Therefore, the SNA should reflect the processes of income circulation. The movement of income ensures the functioning of the economy. Expenses associate production with a change in assets and liabilities – accumulated […]

IS-LM model and macroeconomic equilibrium

In the AD-AS model and the Keynesian Cross model, the market interest rate is an external (exogenous) variable and is set in the money market relatively independently of the equilibrium of the commodity market. The main purpose of analyzing the economy using the IS-LM model is to combine the commodity and money markets into a […]