As the level of real GDP rises, with a fixed quantity of money, something must "give." Describe the process of deriving the LM curve whereby a rise in GDP is associated with an increase in the rate of interest, resulting in an upward-sloping LM curve.

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The Answer of As the level of real GDP rises, with a fixed quantity of money, something must "give." Describe the process of deriving the LM curve whereby a rise in GDP is associated with an increase in the rate of interest, resulting in an upward-sloping LM curve.

As the Level of Real GDP Rises, with a Fixed