Consider the following headlines, and classify them as financial shocks, spending shocks, or supply shocks.
(a) "Nominal wages rise - workers delighted!"
(b) "War imminent - government defense spending ramps up!"
(c) "Central bank raises real interest rates!"

Question

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The Answer of Consider the following headlines, and classify them as financial shocks, spending shocks, or supply shocks.
(a) "Nominal wages rise - workers delighted!"
(b) "War imminent - government defense spending ramps up!"
(c) "Central bank raises real interest rates!"

Consider the Following Headlines, and Classify Them as Financial Shocks