An explanation for the slope of the LM curve is that as: A) the interest rate...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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.
Expert Answer:
Answer rating: 100% (QA)
B Income rises money demand rises and a lower interest rate is required An increase in income will l... View the full answer
Related Book For
Posted Date:
Students also viewed these economics questions
-
A company has 2,000 shares of $1 par value common stock and 200 shares of 5%, $110 par, noncumulative preferred stock outstanding. The balance in Retained Earnings at the beginning of the year was...
-
Company ABC is planning to introduce a new advanced model for their Juice Maker product. The process is mainly fabrication of parts followed by assembly of the final product. The design team of the...
-
Global Corporation had 58,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors declared a 20% stock dividend when the market value of each share was...
-
A lightweight, rigid beam 10.0 m long is supported by a cable attached to a spring of force constant k = 8.25 kN/m as shown in Figure P12.38. When no load is hung on the beam (Fg = 0), the length L...
-
Determine the concentrations of all species in the ionization of 0.0800 M HCN in H2O. The Ka for HCN is 6.2 1010.
-
Toby exchanges property worth $80,000 (basis of $55,000) for a 20% interest in Landscape Developers. What are the tax effects of the exchange if Landscape is organized as a. A partnership? b. A...
-
Redesign the fractionator of Example 6.8 for a reflux ratio that is twice the minimum. Determine the diameter of the tower, the height of packing in the stripping and rectifying sections, and the...
-
As sales manager, Joe Batista was given the following static budget report for selling expenses in the Clothing Department of Soria Company for the month of October. As a result of this budget...
-
3. The distance between carbon atoms in diamond is 0.154 nm. What is this distance in meters? Have Factor 0.154 nm 1 x 10^9nm Want 1.54 x 10^-10m 4. Calculate the number of grams in 32.0 lbs....
-
E3.6 Find Vo in Fig. E3.6 using nodal analysis.
-
The type of job an employee does moderates the relationship between personality and job productivity? Do you agree or disagree with this statement?
-
When analysing case management plans, what are the important aspects of goal setting? 2. What factors should you consider when collecting information from stakeholders? 3. identify reasons case plans...
-
Analysis of the film "Pursuit of Happiness" will be done on the basis of three among six perspectives. 1.Historical 2.Cultural 3.Critical
-
Diversity takesmany forms in a pluralisticsociety. Watch these videos,https://youtu.be/ojYK6CW8gdw, and thenhttps://youtu.be/irQClUTaWJA. Comment on the diversity of cultural elements underlying the...
-
What are the four key steps of the 3-2-1 Trick? What is the key to the 3-2-1 Trick? What is the true potential behind the 3-2-1 Trick? How can you apply the 3-2-1 Trick to your work in FOR110?
-
Prepare a report, which focuses on assessing a successful or failing company from the perspective of a marketing philosophy, communication and operational strategies . This evaluation should make use...
-
MUST BE DONE IN A MICROSOFT EXCEL FILE. PLS. FOLLOW INSTRUCTIONS & PUT CORRECT FORMULA. MICROSOFT EXCEL EXERCISE EXERCISE 8 - Using IF Functions (20 POINTS) Figure 1.0 www 1 2 3 4 5 6 7 CO 8 9 10 11...
-
Clark, PA, has been engaged to perform the audit of Kent Ltd.s financial statements for the current year. Clark is about to commence auditing Kents employee pension expense. Her preliminary enquiries...
-
Companies often set predetermined overhead rates to assign overhead costs to products and services. In such cases, a set amount is applied to product cost for each actual unit of predictor or driver...
-
The Philadelphia Phenoms is a private club. The following fee and cost information for the club is available: monthly membership fee per person, $140; monthly variable cost per person, $88; monthly...
-
Dene the following terms in relationship to ratio analysis: (a) Liquidity. (b) Leverage. (c) Activity. (d) Protability. (e) Market strength. What ratios are used to measure each category?
-
Find TC, AFC, AVC, AC, and MC from the following table: 100 VC $ 0 Units FC $100 012345 40 100 60 100 70 100 85 100 130
-
Explain how each of the following will affect the average fixed cost, average variable cost, average total cost, and marginal cost curves faced by a steel manufacturer: a. New union agreement...
-
A firm has fixed costs of $100 and variable costs of the following: a. Show AFC, ATC, AVC, and MC in a table. b. Graph the AFC, ATC, AVC, and MC curves. c. Explain the relationship between the MC...
Study smarter with the SolutionInn App