A Decrease in Autonomous Planned Investment Spending,other Things Equal,shifts the ________

question 19

Multiple Choice

A decrease in autonomous planned investment spending,other things equal,shifts the ________ curve to the ________.

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

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Definitions:

Demand

The desire of purchasers, consumers, clients, or buyers for a product or service, coupled with the capacity to pay for it.

Demand

The willingness and ability of consumers to purchase goods and services at various price points, at a given time.

Prices

Prices are the amounts of money expected, required, or given in payment for something.

Good

In economics, it refers to a material item that satisfies some human desire or need. Goods can be tangible, like a book, or intangible, like a service.