L stands for the demand for money in the IS-LM model and is an abbreviation of which word in English?
LM is a curve that slopes upward to the right and represents the set of interest rate and output combinations that satisfy the equilibrium conditions of the money market.
The first letter L of liquidity preference is used to denote the demand for money, and the first letter M of money supply is used to denote the supply of money, hence the name LM curve.