The LM curve will become steeper when
a. there is a larger money demand increase per unit increase in income.
b. money demand is less sensitive to the interest rate.
c. money demand is more sensitive to the interest rate.
d. Both a and b
e. Both a and c
D
Economics
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The relationship between distance traveled in 5 hours and speed shown in the figure above is
A) direct, linear. B) inverse, linear. C) direct, non-linear. D) inverse, positive. E) direct, negative.
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Distinguish between a change in demand and a change in quantity demanded
What will be an ideal response?
Economics