The ________ represents all the points where money supplied is equal to money demanded.
A) IS curve
B) LM curve
C) BP curve
D) None of the above

Question

Quizplus · Accepted Answer

The LM curve represents the equilibrium of the money market, where money supplied (as determined by the central bank) is equal to money demanded (by individuals and firms). The IS curve represents the equilibrium of the goods market and the BP curve represents the equilibrium of the balance of payments.

The ________ Represents All the Points Where Money Supplied Is