(Solved): Consider the IS-LM model in the graph below. Initial equilibrium is at point X, then consumer conf ...

Consider the IS-LM model in the graph below. Initial equilibrium is at point X, then consumer confidence increases. Before any change in the money market, where will the economy be soon after the shock? ? TE rx+ Y ð X Ya Yx YE Yö & O At point o At point a At the point YE and rx O At point E For a given level of autonomous expenditure A, the equilibrium level of Y will be higher in An open economy with taxes at a fixed amount TA (already accounted for in A) A closed economy with taxes proportional to income at the rate t A closed economy with taxes at a fixed amount TA (already accounted for in A) An open economy with taxes proportional to income at the rate t