Economy, asked by tunilatabehera33, 2 months ago

What are the factors on which the position and slope of IS and LM curve depend

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Answered by qroyal022

1

Answer:

The slope of the LM curve depends upon the income elasticity and the interest elasticity of the demand for money. Income-elasticity measures the responsiveness of the demand for money to changes in income while interest elasticity measures the responsiveness of the demand for money to changes in the rate of interest.

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