An Increase in Autonomous Consumer Expenditure Causes the Equilibrium Level

question 4

Multiple Choice

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 ________,everything else held constant.

• A)rise;LM;right
• B)rise;IS;right
• C)fall;LM;left
• D)fall;IS;left

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Definitions:

Primary Goals

represent the fundamental objectives or targets that an individual, organization, or project aims to achieve, serving as the driving force behind strategies and actions.

Period of Strikes

A time frame characterized by a series of strikes, indicating widespread labor disputes or industrial action.

WWII

Short for World War II, a global conflict that occurred from 1939 to 1945, involving most of the world's nations and culminating in significant geopolitical changes.

Craft Unionism

Union organization based on particular trades or crafts, focusing on the skills and interests of those professions.