Which of the following would qualify as an aggregate demand 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
Q17: Replacement of a progressive income tax system
Q18: An example of nondiscretionary fiscal policy would
Q19: An example of discretionary fiscal policy would
Q20: Short-run contractionary Fiscal Policy would result in
A)aggregate
Q21: A recent example of the recognition lag
Q23: In terms of timing, the 2003 tax
Q24: Which of the following would be described
Q25: A recent example of the administrative lag
Q26: A political problem with discretionary fiscal policy
Q27: The tax cuts included in President Obama's
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