The LM Curve Slopes Upward to the Right Because

question 34

Multiple Choice

The LM curve slopes upward to the right because

• A) the demand for money plus the demand for nonmoney assets must equal the supply of money plus the supply of nonmoney assets.
• B) a higher real interest rate is associated with a higher level of the output gap in money market equilibrium.
• C) a higher real interest rate is associated with a higher level of saving in goods market equilibrium.
• D) in equilibrium the actual real interest rate must increase one-for-one with the expected real interest rate.

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