Multiple Choice
A demand shock
A) is any event that causes the aggregate demand curve to shift
B) is usually caused by a change in the price level
C) is usually caused by a change in real GDP
D) can be traced back to a shift in the economy's production possibilities frontier
E) is generally a good thing for the economy
Correct Answer:
Verified
Correct Answer:
Verified
Q24: If the government announces a cut in
Q25: If autonomous consumption decreases,which of the following
Q26: The aggregate supply curve is<br>A) vertical in
Q27: If consumers enjoy an increase in wealth
Q28: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt=" -In Figure 15-17
Q30: If a variable other than the price
Q31: The vertical aggregate supply curve is consistent
Q32: Stagflation is the combination of<br>A) falling output
Q33: In the short run,the price level<br>A) will
Q34: If a demand shock causes an economy