A relatively steep LM curve implies that wide fluctuations in the goods sector cause

Name: A relatively steep LM curve implies that wide fluctuations in the goods sector cause
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Question

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A steep LM curve indicates that the money market is relatively insensitive to changes in income but very sensitive to changes in the interest rate. Therefore, changes in the goods sector (which affect income) will lead to significant changes in the interest rate to re-equilibrate the money market.

A Relatively Steep LM Curve Implies That Wide Fluctuations in the Goods