Assertion: lm curve | /r/DefinedAs | the equation
Facets:
value: with representing the price level
type: OTHER
value: mathematically
type: MANNER
Source sentences:
text: Mathematically, the LM curve is defined by the equation M / P = L ( i , Y ) {\displaystyle M/P=L(i,Y)} , where the supply of money is represented as the real amount M/P (as opposed to the nominal amount M), with P representing the price level, and L being the real demand for money, which is some function of the interest rate and the level of real income.