Economy, asked by zulfiqar13, 6 months ago

derive the LM curve interest free Islamic economy?

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Answered by prachisharma3206

Answer:

Derivation of the LM Curve:

The LM curve can be derived from the Keynesian theory from its analysis of money market equilibrium. According to Keynes, demand for money to hold depends upon transactions motive and speculative motive. It is the money held for transactions motive which is a function of income.

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