
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 26
For each of the following shocks, say whether it is a demand-side shock or a supply-side shock.
a. Consumer confidence falls.
b. Government spending increases.
c. The price of foreign goods increases.
d. The price of oil increases.
e. A cyclone destroys manufacturing plants.
a. Consumer confidence falls.
b. Government spending increases.
c. The price of foreign goods increases.
d. The price of oil increases.
e. A cyclone destroys manufacturing plants.
Explanation
Gross domestic product (GDP):
GDP refer...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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