User talk:Chucklundin

Conflict in descriptions of LM Curve.... The LM schedule (curve) shows the combinations of interest rates and levels of real income .......is an upward-sloping curve ............the LM function is the equilibrium point between the liquidity preference or Demand for Money function and the money supply function (as determined by banks and central banks).

The liquidity preference ............liquidity preference function is downward sloping. Two basic elements determine the quantity of cash balances demanded (liquidity preference) - and therefore the position and slope of the function: Chucklundin (talk) 18:26, 3 July 2010 (UTC)