Would a steeper LM curve imply more crowding out or less? Explain with a graph (and words).
Definitions:
Pay To The Order
A directive on a financial instrument instructing the payment to the individual or entity whose name follows.
Notice
A formal communication or announcement given to a party, usually in writing, about an action or condition.
UCC
A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across American states.
Actual Knowledge
Direct awareness or understanding of a fact, without needing to infer from other facts.
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