Multiple Choice
The LM curve represents combinations of income and the interest rate at which
A) money demand equals money supply when the money supply is fixed.
B) money supply equals money demand when the money demand is fixed.
C) money demand equals money supply when the money supply can vary.
D) money supply equals money demand when both the money supply and money demand can vary.
Correct Answer:
Verified
Correct Answer:
Verified
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