A shock to the economy is a change in

a. production that only affects a few sectors
b. production that initially affects the whole economy and then one or more sectors
c. spending or production that initially affects one or more sectors and then spreads throughout the whole economy
d. spending that only affects a few sectors
e. spending that initially affects the whole economy and then one or more sectors

C

Economics

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Suppose GDP is $10 billion, consumption expenditure is $7 billion, investment is $2 billion, and government expenditure on goods and services is $2 billion. Net exports of goods and services must be

A) $1 billion. B) -$2 billion. C) -$1 billion. D) $2 billion. E) $10 billion.

Economics

Because of their greediness, speculators are considered bad for exchange-rate markets

a. True b. False Indicate whether the statement is true or false

Economics