A positive demand shock will result from:
A) a sudden increase in nominal wages.
B) an increase in the potential GDP.
C) a move by the Federal Reserve to lower the interest rate.
D) consumers and firms becoming more pessimistic.
Correct Answer:
Verified
Q224: Use the following to answer questions:
Figure: Shifts
Q225: Use the following to answer questions:
Figure: AD-AS
Q226: When the economy is in a recessionary
Q227: Use the following to answer questions:
Figure: Inflationary
Q228: Use the following to answer questions:
Figure: Shifts
Q230: Stabilization policies have:
A) not reduced the effects
Q231: Use the following to answer questions:
Figure: Inflationary
Q232: Use the following to answer questions:
Figure: Shifts
Q233: Use the following to answer questions:
Figure: AD-AS
Q234: Use the following to answer questions:
Figure: Inflationary
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