According to the economists, different kinds of shocks to the economy could be responsible for the variations in real output and employment over time.These shocks include:
A)the changes in population, innovations and money supply.
B)the changes in the level of total spending, productivity, irregular innovations and money supply.
C)the changes in the population.
D)the changes in the standards of living.

Question

Quizplus · Accepted Answer

The changes in the level of total spending, productivity, irregular innovations, and money supply are the four types of shocks that can cause variations in real output and employment according to economists. The other options, such as changes in the population and standards of living, may have an indirect impact on these shocks but do not directly cause them.

According to the Economists, Different Kinds of Shocks to the Economy