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What does the slope of the LM curve represent in the IS-LM model?a)It represents the elasticity of money demand with respect to changes in income.b)It represents the elasticity of money supply with respect to changes in interest rates.c)It represents the responsiveness of money demand to changes in interest rates.d)It represents the responsiveness of money supply to changes in income.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What does the slope of the LM curve represent in the IS-LM model?a)It represents the elasticity of money demand with respect to changes in income.b)It represents the elasticity of money supply with respect to changes in interest rates.c)It represents the responsiveness of money demand to changes in interest rates.d)It represents the responsiveness of money supply to changes in income.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does the slope of the LM curve represent in the IS-LM model?a)It represents the elasticity of money demand with respect to changes in income.b)It represents the elasticity of money supply with respect to changes in interest rates.c)It represents the responsiveness of money demand to changes in interest rates.d)It represents the responsiveness of money supply to changes in income.Correct answer is option 'C'. Can you explain this answer?.

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