The LM curve slopes upward because
A) as income rises,savings rise,increasing output.
B) as interest rates rise,the money supply rises,increasing output.
C) as interest rates rise,planned investment must fall,increasing output.
D) as income increases,money demand rises,which increases interest rates.
E) none of the above.
Correct Answer:
Verified
Q29: If Y>C+I+G but Md= Ms,then
A)interest rates must
Q30: If the MPC is 0.6,then a 50-unit
Q31: Assume that the economy is presently in
Q32: According to the Keynesian model of the
Q33: If the money demand function is given
Q35: According to Keynes' theory of money demand,a
Q36: A shift in the LM curve to
Q37: The IS curve slopes upward because
A)as income
Q38: A decrease in the price level,holding the
Q39: Which of the following factors cause the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents