Which of the following would qualify as an aggregate supply shock?
A) An unexpected increase in oil prices
B) A seasonally expected increase in oil prices
C) An unexpected reduction in consumer confidence
D) An anticipated tax cut
Correct Answer:
Verified
Q1: Using the aggregate supply - aggregate demand
Q3: The purpose of fiscal policy is to
A)alter
Q4: The tax cuts of 2001 and 2003
Q5: Discretionary Fiscal Policy differs from Nondiscretionary Fiscal
Q6: Nondiscretionary Fiscal Policy works by having
A)progressive income
Q7: The tax cuts of 2001 and 2003
Q8: Fiscal Policy is controlled by
A)the Federal Reserve
Q9: If you were to use an Aggregate
Q10: An example of discretionary fiscal policy would
Q11: An example of discretionary fiscal policy would
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