The LM Curve Is Really an Algebraic or Graphic Representation

question 18

Multiple Choice

The LM curve is really an algebraic or graphic representation of all the combinations of interest rates and GDP that support

• A) equality between investment and the sum of private and public saving.
• B) equality between supply and demand in the markets for goods and services across the economy.
• C) equality between supply and demand in the money market.
• D) the expectations of both the Federal Reserve System Board of Governors and the President's Council of Economic Advisers.
• E) all of the above.

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