Abstract
The concept of economic balance occupies great importance in most of the world's economies, as it is the axis around which the discussion of economic thought revolves in various economic schools. Economic thought is in a state of continuous development and works to provide a model through which the general balance in the overall economy can be determined despite the difficulty of finding common relationships between all... Markets and the possibility of describing them in an integrated applied model that allows determining the equilibrium at the same time. Therefore, this study came to clarify the possibility of determining the total equilibrium through the IS-LM model, which works on equilibrium by combining the commodity market IS on the one hand and the money market LM on the other hand. The BP model was also added, which works to achieve balance in the external sector. Therefore, in this study, we can achieve balance internally and externally through the IS-LM-BP model, as the study addressed the impact of this balance that can be achieved on some indicators of economic stability. By determining an equilibrium interest rate and income, which is the final result of a set of economic relations.
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More From: Al Kut Journal of Economics and Administrative Sciences
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