Which of the following is true about the LM curve?
a. Along the LM curve, actual expenditure is equal to planned expenditure.
b. The LM curve slopes upward and is consistent with a given level of income.
c. The LM cuve slopes upward for a given level of the money supply.
d. The LM curve is horizontal in the classical model.
e. none of the above.
C
Economics
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A) disposable income B) retained earnings C) net national product per capita D) Gross Domestic Product
Economics