Question

It is possible that the interest rate might affect consumption spending. An increase in the interest rate could, in principle, lead to increase in Savings and therefore areduction in consumption given the level of income. Suppose that the consumption is, in fact, reduced by an increase in the interest rate. How will the Is curve be affected​

Answer 1

Answer:

nope,,,,it cannot happen

Answer 2

Answer:

this is very true !!!! yup yup