The Slope of an LM Curve

question 11

Multiple Choice

The slope of an LM curve

• A) gets steeper the more responsive the demand for money is to changes in GDP.
• B) gets flatter the more responsive the demand for money is to changes in the interest rate.
• C) is invariant, in the simple case at least, to small changes in the price level.
• D) is invariant to policy shifts in the supply of money, unless the sensitivity of the demand for money to changes in GDP or interest rates is affected.
• E) all of the above.

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