Suppose that investment depends on both output and the interest rate and there is an increase in consumer confidence in the IS-LM model. Which of the following represents the complete list of variables that must increase in response to this increase in consumer confidence? Select one: O a. consumption b. consumption and investment O c. consumption and output O d. consumption, investment, and output

Suppose that investment depends on both output and the interest rate and there is an increase in consumer confidence in the IS-LM model. Which of the following represents the complete list of variables that must increase in response to this increase in consumer confidence? Select one: O a. consumption b. consumption and investment O c. consumption and output O d. consumption, investment, and output

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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