A Demand Shock Is a Change in Planned Spending That

question 42

Multiple Choice

A demand shock is a change in planned spending that is:

• A)caused by changes in output.
• B)caused by changes in the inflation rate.
• C)caused by changes in output and changes in the real interest rate.
• D)not caused by changes in output or changes in the inflation rate.

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Definitions:

Conservation

In cognitive psychology, the understanding that objects conserve properties such as number, length, and volume despite changes in the form or appearance of those objects.

Egocentrism

A mental characteristic where a person cannot comprehend or adopt viewpoints other than their own.

Anxious and Inhibited Temperament

A temperament characterized by a predisposition towards anxiety, fearfulness, and shyness, particularly in unfamiliar situations.

Heart Rates

The quantity of heart pulses within a given time frame, usually measured in beats per minute (BPM).