Which of the Following Is True About the LM Curve

question 32

Multiple Choice

Which of the following is true about the LM curve?

• A)Along the LM curve,actual expenditure is equal to planned expenditure.
• B)The LM curve slopes upward and is consistent with a given level of income.
• C)The LM cuve slopes upward for a given level of the money supply.
• D)The LM curve is horizontal in the classical model.
• E)none of the above.

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