Use the IS-LM model to analyze the short run impact of a fall in consumer confidence on the economy. You must provide a complete discussion of the impact including how the shock transmits through the economy & illustrate the impact on a diagram. The discussion must explain how consumers and producers respond in the economy; this means an intuitive discussion must be provided [see lecture for example].

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Use the IS-LM model to analyze the short run impact of a fall in consumer confidence
on the economy. You must provide a complete discussion of the impact including how the
shock transmits through the economy & illustrate the impact on a diagram. The discussion must
explain how consumers and producers respond in the economy; this means an intuitive
discussion must be provided [see lecture for example].
Transcribed Image Text:Use the IS-LM model to analyze the short run impact of a fall in consumer confidence on the economy. You must provide a complete discussion of the impact including how the shock transmits through the economy & illustrate the impact on a diagram. The discussion must explain how consumers and producers respond in the economy; this means an intuitive discussion must be provided [see lecture for example].
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