If the price level increases,everything else held constant,the ________ curve shifts to the ________.
A)IS;right
B)IS;left
C)LM;left
D)LM;right

Name: If the price level increases,everything else held constant,the ________ curve shifts to the ________. A)IS;right B)IS;left C)LM;left D)LM;right
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Question

Quizplus · Accepted Answer

When the price level increases, the real money supply decreases, leading to an increase in interest rates. This causes the LM curve, which represents the equilibrium in the money market, to shift to the left.

If the Price Level Increases,everything Else Held Constant,the ________ Curve