If consumers become pessimistic, the economy is likely to experience a
A.
Negative demand shock
B.
Positive demand shock
C.
Negative supply shock
D.
Positive supply shock
A.
Negative demand shock
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Refer to the table above. If investment expenditure falls by $10,000 in the next year, ________, all other variables remaining unchanged
A) gross domestic product will fall to $467,000 B) gross domestic product will fall by $10,000 C) gross domestic product will increase by $10,000 D) gross domestic product will increase to $500,000
In an increasing-cost industry the long-run supply curve is upward sloping
Indicate whether the statement is true or false
In a country with 200 million people aged 16 years and older, 120 million are in the labor force, and 114 million are employed, what is the unemployment rate?
A. 6 percent B. 5 percent C. 7 percent D. 4 percent
Moving along which curve does the money wage rate and the price level change in the same proportions?
What will be an ideal response?