Multiple Choice
If consumers become pessimistic, the economy is likely to experience a:
A) Negative demand shock
B) Positive demand shock
C) Negative supply shock
D) Positive supply shock
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q47: If nominal GDP increases from one year
Q69: What impact will a negative demand shock
Q86: Suppose that inventories are rising. We could
Q92: What impact will a negative supply shock
Q93: The Great Recession of 2007-09 illustrated the
Q93: Which of the following is the best
Q94: The so-called Great Recession in the U.S.:<br>A)
Q131: Economists use the word investment to refer
Q151: The opportunity cost of investment is a
Q162: Which of the following is the best