2) An increase in autonomous consumer expenditure causes the equilibrium level of
aggregate output to _____ at any given interest rate and shifts the _____ curve to the
_____.
(a) rise; LM; right
(b) rise; IS; right
(c) fall; LM; left (d) rise; IS; left
1
Expert's answer
2020-03-24T09:31:54-0400
2) An increase in autonomous consumer expenditure causes the equilibrium level of aggregate output to increase at any given interest rate and shifts the IS curve to the right.
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