Using the ZZ/Y and NX graphs, illustrate graphically and explain what effect a decrease in consumer confidence will have on output, exports, imports, and net exports. Clearly label all curves and clearly label the initial and final equilibria. zz shifts downwards?
Using the ZZ/Y and NX graphs, illustrate graphically and explain what effect a decrease in consumer confidence will have on output, exports, imports, and net exports. Clearly label all curves and clearly label the initial and final equilibria. zz shifts downwards?
Chapter14: Aggregate Demand And Supply
Section: Chapter Questions
Problem 6SQ
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Using the ZZ/Y and NX graphs, illustrate graphically and explain what effect a decrease in consumer confidence will have on output, exports, imports, and net exports. Clearly label all
zz shifts downwards?
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the question is asking decrease in consumer confidence, so all things should be the opposite?
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