Economics · Macroeconomics
If the interest rate is exogenously fixed by the central bank and the money supply is endogenously determined by demand, the slope of the LM curve in the interest rate-income plane would be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Vertical
- 2Horizontal (flat)✓
- 3Negatively sloped
- 4Positively sloped
Correct answer
Horizontal (flat)
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