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Effectus [21]
3 years ago
10

Suppose that consumers become pessimistic about the future health of the economy and so they cut back on their consumption spend

ing. What will happen to output, price level and unemployment in short run?
Business
1 answer:
Doss [256]3 years ago
3 0

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

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