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Munze Munze
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7 years ago
During 2008 in the United States, consumer confidence fell significantly. Which of the following will occur as a result of this reduction in consumer confidence?
A) the LM curve will shift up.
B) the LM curve will shift down.
C) the IS curve will shift rightward.
D) the IS curve will shift leftward.
E) the IS curve will shift rightward, and the LM curve will shift up.
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Macroeconomics

Macroeconomics


Edition: 6th
Authors:
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Macroeconomics, 6/E (Blanchard, Johnson)
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legendvpnlegendvpn
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Munze Author
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#2
6 years ago
Excellent answer!
Macroeconomics, 6/E (Blanchard, Johnson)
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