Multiple Choice
Which of the following events would cause a demand shock?
A) Refinery capacity in the United States drops permanently.
B) A new pest destroys much of the alfalfa crop in a given year.
C) The government spends less on infrastructure maintenance.
D) Housing prices fall.
Correct Answer:
Verified
Correct Answer:
Verified
Q44: Which of the following is a component
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Q46: Increases in the overall price level:<br>A) increase
Q47: If the government increases spending by $400
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