A lower nominal money supply is equally demanded,given each interest rate,at a ________ level of income,meaning that the LM curve has shifted to the ________.
A)higher,left
B)higher,right
C)lower,left
D)lower,right

Question

Quizplus · Accepted Answer

A lower nominal money supply at each interest rate implies that the demand for money is equally satisfied at a lower level of income, indicating that the LM curve has shifted to the left.

A Lower Nominal Money Supply Is Equally Demanded,given Each Interest