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A Decrease in Autonomous Consumer Expenditure Causes the Equilibrium Level

Question 114

Multiple Choice

A decrease 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;IS;left
D) fall;LM;left

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