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If income falls without any change in interest rates,then according to the IS-LM model it may be true that:
Minimum Wage Laws
Regulations ensuring employees are paid at least a certain hourly rate by their employers.
Legal Minimum Rate
The lowest hourly wage that employers can legally pay their workers, as set by government legislation.
Title VII
A portion of the Civil Rights Act of 1964 prohibiting employment discrimination based on race, color, religion, sex, or national origin.
Job Discrimination
Unfair treatment of employees or candidates based on race, age, sex, religion, or other protected characteristics rather than job performance or qualifications.
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