Question 10 Not yet answered Marked out of 1.00 Flag question Which one of the following factors will shift the LM curve upwards? Select one: A. An increase in the marginal propensity to consume. B. An increase in the nominal quantity of money. C. A decrease in the interest rate. D. An increase in the interest rate.
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Step 1: The LM curve represents the equilibrium in the money market, where the supply of money equals the demand for money at a given interest rate. Show more…
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