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Assume there is no change in aggregate supply and no change in government policy, an increase in consumer confidence will ______ unemployment and price level will _______.

Sagot :

abiolataiwo2015

An  increase in consumer confidence will decrease unemployment and price level will increase.

What is aggregate supply?

Aggregate supply can simply be defined as the amount of goods and service manufactured that are supply at a particualr period of time.

In a situation where aggregare supply remain the same and government policy remain the same this will result in decrease in unemployement rate and increase in price level which is also known as inflation.

Inconclusion an  increase in consumer confidence will decrease unemployment and price level will increase.

Learn more about aggregate supply here:https://brainly.com/question/24457739

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