Multiple Choice
An increase in the price level
A) decreases real money balances and shifts the LM curve down and to the right.
B) increases real money balances and shifts the LM curve up and to the left.
C) decreases real money balances and shifts the LM curve up and to the left.
D) increases real money balances and shifts the LM curve down and to the right.
Correct Answer:
Verified
Correct Answer:
Verified
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