Which of the following is NOT an example of a short-term macroeconomic "shock"?
A) political unrest
B) a change in the tax code
C) a drought
D) increased military spending
E) None of these answers are correct.
Correct Answer:
Verified
Q3: Which of the following is NOT an
Q7: Potential output is defined as:
A) the amount
Q8: Taxes, oil price changes, government spending, interest
Q9: What is the best definition of the
Q12: John Maynard Keynes is famous for saying,
Q15: Which of the following is NOT an
Q16: One implication of the Keynes quote, "In
Q17: Output fluctuations are defined as:
A) the amount
Q18: Defining Q20: The short-run model determines _ and _.
A)
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