Typically,the LM curve is:
A) Horizontal
B) Vertical
C) Downward-sloping
D) Upward-sloping

Name: Typically,the LM curve is: A) Horizontal B) Vertical C) Downward-sloping D) Upward-sloping
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Question

Quizplus · Accepted Answer

The LM curve is upward-sloping because it represents the relationship between the interest rate and the level of income that equates the demand for and supply of money. As income increases, the demand for money increases, leading to higher interest rates if the supply of money is held constant.

Typically,the LM Curve Is