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What impact will increase consumer confidence have on equilibrium?

A. GDP will go up, unemployment will go up, and inflation will go up.
B. GDP will go up, unemployment will of down, and inflation will go up.
C. GDP will go down, unemployment will go up, and inflation will go down.
D. GDP will go down, unemployment will go down, and inflation will go down.

Respuesta :

The impact that an increase in consumer confidence have on equilibrium is B. GDP will go up, unemployment will go go down, and inflation will go up.

What is consumer confidence?

Consumer confidence is a type of economic indicator that gauges how optimistic people are about both their individual financial conditions and the state of the economy as a whole.

An economic indicator is consumer confidence. It gauges consumers' level of assurance over the general health of the economy. It also gauges the degree of assurance people have in the steadiness of their income. Their level of confidence affects their financial choices, including their spending behavior.

Learn more about consumers on:

https://brainly.com/question/26250687

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