Changes in Consumer Confidence,business Optimism,government Spending,and Foreign Events That Cause

question 129

Multiple Choice

Changes in consumer confidence,business optimism,government spending,and foreign events that cause economic volatility are known as

• A)Supply Shocks.
• B)Demand Shocks.
• C)Aggregate Demands.
• D)Real Business Cycles.

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Definitions:

Baseball Hat

A type of soft cap with a rounded crown and a stiff bill projecting in front.

Tax

A mandatory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Marginal Tax Rate

The amount of tax paid on an additional dollar of income, which is typically a percentage that increases as income rises.

Horizontal Equity

The principle of tax fairness that states individuals with similar income and ability to pay should be taxed at the same rate.