‘Th e money market equilibrium condition can be used to develop a graphical approach to the derivation of the LM curve’. Explain. How is simultaneous equilibrium in the goods and money market...

‘Th e money market equilibrium condition can be used to develop a graphical approach to the derivation of the LM

curve’. Explain.

How is simultaneous equilibrium in the goods and money market achieved? Explain with the help of diagram/diagrams.