A change in which of the following would cause the LM curve to shift? To rotate? To both shift and rotate? Which do not affect the position or slope of the LM curve?
(a) Nominal money supply (Ms)
(b) Responsiveness of the demand for money to the interest rate
(c) Responsiveness of the demand for money to income
(d) Business and consumer confidence
(e) Interest rate (r)
(f) In 2001, many countries in Europe switched from their own currencies to the euro. In each country, the prices of goods and services and nominal amounts in checking accounts were adjusted in proportion to the amount a unit of each currency could be converted into the euro.
(g) People switch from using checks to using debit cards to buy goods and services.
(h) People switch from using checks to using credit cards to buy goods and services.