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The LM curve is a horizontal line if money demand is independent of GDP. True or False? Why?

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The LM curve is a horizontal line if money demand is independent of GDP. True or False? Why?

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  1. True - it will move up or down depending on exogenous variables.

    It is described here: http://www.auburn.edu/~garriro/fm2friedm...

    In "An Austrian Perspective on the Common Language and Apparatus" part.

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