Solved

The Horizontal and Vertical Axes of the LM Curve Diagram

Question 25

Multiple Choice

The horizontal and vertical axes of the LM curve diagram represent,respectively,


A) the quantity of money and the price level
B) the quantity of money and the interest rate
C) real GDP and the interest rate
D) real GDP and the price level
E) the unemployment rate and the inflation rate

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions