A higher price level will shift the LM curve:to the left.to the right.upward.downward.

The LM curve is upward sloping because a higher level of the money supply is needed to increase output

If gross domestic product is above the natural rate, the price level will increase in the long run. This will cause the LM curve to:shift to the left.shift to the right.not move.move downward.

The _____ curve shifts as a result of a change in the price level.IS*LM*investmentaggregate demand

Consider the level of money demand characterised by MD = a + bY - ci. What happens if parameter b increases, i.e. the transactional demand for money exogenously increases across the board?Group of answer choicesThis results in a shift of the IS curve downwards.This leads to no change on the IS-LM diagram.This results in a shift of the LM curve upwards.This results in a shift of the LM curve downwards.

The change in price that results from a rightward shift in demand will be greater ifGroup of answer choicesthe supply curve is horizontal than if the supply curve is upward sloping.the supply curve is relatively steep than if the supply curve is relatively flat.the supply curve is upward sloping than if the supply curve is vertical.the supply curve is horizontal than if the supply curve is vertical.