Which of the following is not an example of a demand shock?
a. A reduction in government spending
b. An increase in income tax rates
c. A change in oil prices.
d. A money supply increase.
e. An increase in government spending.
C
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It is possible to have a comparative advantage in producing a good or service without having an absolute advantage
Indicate whether the statement is true or false
If marginal cost is less than marginal revenue, a firm should
a. expand output. b. contract output. c. maintain steady output. d. shut down.
The most important rationales for NAFTA are geographic proximity and trading importance.
a. true b. false
Global corporations:
A. can provide many benefits to the countries in which they operate. B. suffer tax disadvantages that domestic corporations do not. C. have little interest in decreasing international tensions. D. are falling in importance in today's economy.