If Consumers Become Pessimistic, the Economy Is Likely to Experience

question 161

Multiple Choice

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.

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Definitions:

High Temperatures

Conditions involving elevated temperatures, often influencing chemical reactions or physical states of matter.

Activation Energy

The minimum amount of energy required to initiate a chemical reaction.

Endergonic

A chemical reaction in which the standard change in free energy is positive, and energy is absorbed from the surroundings.

Exergonic

Describes a reaction that ends with a net release of free energy.