An increase in national income should automatically
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In the IS model, how does the increase in interest rate affect the national income or output?
The increase in interest rate will affect national income or output through investments.
The increase in interest rate will affect national income or output through savings.
The increase in interest rate will affect national income or output through consumption.
The increase in interest rate will affect national income or output through money supply
In the IS-LM model, an increase in interest rate will cause money demand to ______ and the national output or income to ______
Increase; increase
Increase; decrease
Decrease; decrease
Decrease; increase