22. Reducing the money supply _____nominal interest rates in the short run,and______ nominal interest rates in the long run. A) produces no change in ;raises B) raises;produces no change in C) Raises;lowers D) lower;raises 23.An explanation for the slope of the LM curve is that as: A) the interest rate increases , income becomes higher. B)the interest rate increases, income becomes lower. C)income rises,money demand rises, and a higher interest rate is required. D) income rises, money demand rises, and a lower interest rate is required