An explanation for the slope of the LM curve is that as: A) the interest rate...
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An explanation for the slope of the LM curve is that as: A) the interest rate increases, income becomes lower. B) income rises, money demand rises, and a lower interest rate is required. C) the interest rate increases, income becomes higher. D) income rises, money demand rises, and a higher interest rate is required. An explanation for the slope of the LM curve is that as: A) the interest rate increases, income becomes lower. B) income rises, money demand rises, and a lower interest rate is required. C) the interest rate increases, income becomes higher. D) income rises, money demand rises, and a higher interest rate is required.
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B Income rises money demand rises and a lower interest rate is required An increase in income will l... View the full answer
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