Classify the following as a financial shock, a spending shock, or a supply shock.
(a) The U.S. dollar depreciates.
(b) Tariffs raise the price of steel.
(c) The stock market booms.
(d) Liquidity risk increases.

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The Answer of Classify the following as a financial shock, a spending shock, or a supply shock.
(a) The U.S. dollar depreciates.
(b) Tariffs raise the price of steel.
(c) The stock market booms.
(d) Liquidity risk increases.

Classify the Following as a Financial Shock, a Spending Shock