Answer:
Please see my attachment below.
It has the work to your question and should help you understand it visually.
Hope it helps.
The slope of the LM curve is the coefficient of Y, k over h, or the income sensitivity of demand for real money over the interest sensitivity of demand for real money. This ratio is important for monetary policy.
First simplify the equation with the given information. 2(2) = 4, so the equation is now y = 4+8. Simplify further. 4+8 = 12, so y = 12.
Hope that helped you.
Answer:
Both A and B will get rid of the 8y variable in both equations
Step-by-step explanation:
the y coordinate is always the second value. for example, if u have (3,2) the y value is 2
