Multiple Choice
If autonomous consumption decreases,which of the following would occur in the short run?
A) a decrease in GDP,a decrease in the price level,a decrease in money demand and a decrease in the interest rate.
B) an increase in GDP,an increase in the price level,an increase in money demand and an increase in the interest rate.
C) a decrease in GDP,an increase in the price level,an increase in money demand and an increase in the interest rate.
D) an increase in GDP,a decrease in the price level,a decrease in money demand and an increase in the interest rate.
E) a decrease in GDP,a decrease in the price level,an increase in money demand and an increase in the interest rate.
Correct Answer:
Verified
Correct Answer:
Verified
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