Why is the LM curve positively sloped? Isn't it against economic theory to have income and interest

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Why is the LM curve positively sloped? Isn't it against economic theory to have income and interest rates positively related?

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Principles of Money Banking and Financial Markets

ISBN: 978-0321339195

12th edition

Authors: Lawrence S. Ritter, William L. Silber, Gregory F. Udell

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Question Posted: Mar 06, 2018 09:31 AM

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Why is the LM curve positively sloped? Isn't it against economic theory to have income and interest

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To maintain equilibrium in the money market for a give...View the full answer

Principles of Money Banking and Financial Markets

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