Ask Question
12 October, 10:50

Based on your understanding of the IS-LM model, graphically illustrate and explain what effect a reduction in consumer confidence will have on output, the interest rate, and investment.

+3
Answers (1)
  1. 12 October, 13:59
    0
    Reduction in consumer confidence will decrease consumption demand, which will decrease output. IS curve ... view the full answer

    Explanation:

    Reduction in consumer confidence will decrease consumption demand, which will decrease output.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Based on your understanding of the IS-LM model, graphically illustrate and explain what effect a reduction in consumer confidence will have ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers