| 单词 | BP curve |
| 释义 | BP curve A curve drawn on the same diagram as the IS and LM curves, showing combinations of Y, GDP, and r, interest rates, at which the overall balance of payments is in equilibrium. This means that the current and capital account balances of payments sum to zero. As higher Y tends to produce a current account deficit, and higher r tends to produce a capital account surplus, the BP curve is upward sloping. If international capital mobility is high, the BP curve is flatter than the LM curve. See also: IS-LM model |
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