Multiple Choice
Demand shocks
A) refer to unexpected changes in the desires of households and businesses to buy goods and services.
B) refer to unexpected changes in the ability of firms to produce and sell goods and services.
C) always have a negative effect on the economy.
D) cause fewer short-run fluctuations than supply shocks.
Correct Answer:
Verified
Correct Answer:
Verified
Q121: If the prices of all goods and
Q122: Which of the following is not an
Q123: Buying 100 shares of Google stock would
Q124: Suppose that prices are sticky in the
Q125: Nominal GDP measures a nation's output in
Q127: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" Refer to the
Q128: Financial institutions reward savers with the following,
Q129: Firms that choose to use a fixed-price
Q130: Real GDP measures the change in the
Q131: Economists use the word investment to refer