For each of the following, indicate if the change would lead to an increase or decrease in the equilibrium level of output. Explain each of your answers.
(a) planned investment increases
(b) consumers become pessimistic about the future of the economy
(c) households begin to save a larger fraction of their income

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The Answer of For each of the following, indicate if the change would lead to an increase or decrease in the equilibrium level of output. Explain each of your answers.
(a) planned investment increases
(b) consumers become pessimistic about the future of the economy
(c) households begin to save a larger fraction of their income

For Each of the Following, Indicate If the Change Would