Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Suppose that consumers become pessimistic about the future health of the economy and so they cut back on their consumption spending. What will happen to output, price level and unemployment in short run?

Sagot :

aondokelly

Answer:

what will happen to the output is that it will decrease due to less consumers and less money to find production, price levels drop(deflation) so will unemployment increase in the shelter on due to no jobs or money to create

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.