Other things equal, a rise in income in a country will lead to __________ in the demand for money in the country and consequently to __________ in the country's LM curve.
A) an increase; a leftward (or vertically upward) shift
B) an increase; a rightward (or vertically downward) shift
C) a decrease; a leftward (or vertically upward) shift
D) a decrease; a rightward (or vertically downward) shift
Correct Answer:
Verified
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