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    Exam 10: Aggregate Demand I
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    If the Quantity Theory of Money Is Valid,then the LM
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If the Quantity Theory of Money Is Valid,then the LM

Question 8

Question 8

Multiple Choice

If the quantity theory of money is valid,then the LM curve:


A) slopes upward and to the right.
B) slopes downward and to the right.
C) is vertical.
D) is horizontal.

Correct Answer:

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