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The Reserve Bank of India (RBI) had kept its benchmark interest rate at around 6-8% between early 2011 and early 2020. When the COVID-19 pandemic

The Reserve Bank of India (RBI) had kept its benchmark interest rate at around 6-8% between early 2011 and early 2020. When the COVID-19 pandemic hit India in 2020, RBI decided to expand money supply and to lower interest rates to help struggling firms and households. In 2020 the LM curve of Indian economy will be steeper, flatter or remain unchanged?

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