Higher income is associated with a lower interest rate

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Reference no: EM13819119

The LM curve has a ___________ slope because ____________.

A. negative; higher income is associated with a lower interest rate

B. positive; higher income is associated with a higher interest rate

C. negative; a lower interest rate is associated with an increase in planned expenditure

D. positive; a lower interest rate is associated with an increase in planned expenditure

Reference no: EM13819119

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