A Price Shock Is Typically Caused by a Change in

question 146

Multiple Choice

A price shock is typically caused by a change in

• A)aggregate demand.
• B)consumption.
• C)tax policy.
• D)government spending.
• E)aggregate supply.

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Definitions:

Stop Payment

An instruction to a bank not to honor a check or payment previously authorized, often due to disputes or errors in the transaction.

Drawee Bank

The bank upon which a check is drawn and is responsible for paying the amount specified.

Bank Officer

An individual who holds a management or executive position within a banking institution, responsible for certain operational aspects.

Stale Check

A check that has not been cashed or deposited within a certain timeframe, typically six months, and may not be honored by a bank.