A rise in planned investment spending by $100 billion at the same time that autonomous consumer expenditure

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A rise in planned investment spending by $100 billion at the same time that autonomous consumer expenditure falls by $50 billion has the same effect on aggregate output as a rise in autonomous consumer expenditure alone by $50 billion. Is this statement true, false, or uncertain? Explain your answer.

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Related Book For  answer-question

The Economics Of Money Banking And Financial Markets

ISBN: 9780321584717

4th Canadian Edition

Authors: Frederic S. Mishkin, Apostolos Serletis

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