a decline in the money supply shift the LM curve to the left causing the interest rate to
Answers
Answered by
1
hli happy farmer's day to you...
Answered by
2
Answer:
During financial panics, the LM curve shifts left as people flee risky assets for money, thereby inducing the interest rate to climb and output to fall.
Similar questions
History,
2 months ago
Political Science,
2 months ago
English,
2 months ago
Business Studies,
5 months ago
Math,
5 months ago
Science,
11 months ago