Looking at the macroeconomic statistics for Kellytopia, you discover that at the beginning of the year, the national mon
Posted: Sun Jul 03, 2022 3:42 pm
Looking at the macroeconomic statistics for Kellytopia, you discover that at the beginning of the year, the national money supply was equal to $200 billion and by the end of the year it was equal to $193 billion. You also found out that the inflation rate in Kellytopia was-5%. In this case, you would expect the LM curve to O shift up and to the left as the real money supply rises Oshift up and to the left as the real money supply falls O shift down and to the right as the real money supply falls O shift down and to the right as the real money supply rises.