A shock that could trigger an expansion is a
A) large increase in oil prices
B) financial crisis
C) sudden cutback in military spending
D) large decrease in oil prices
E) sudden increase in the interest rate
Correct Answer:
Verified
Q41: Of the recessions and expansions from 1950
Q42: A shock that could trigger a recession
Q43: The recession of 1982 was largely caused
A)
Q44: Over time the full-employment level of output
Q45: A shock that could trigger a recession
Q47: A spending shock typically involves a dramatic
Q48: The classical model explains away unemployment as
Q49: Which of the following is a common
Q50: The existence of recessions highlights
A) the strengths
Q51: The classical model fails to recognize that
A)
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