If Most Shocks to the Economy Are ________ Shocks,then ________

question 23

Multiple Choice

If most shocks to the economy are ________ shocks,then ________.

• A)aggregate demand;there is a tradeoff between the dual objectives in the short-run
• B)temporary aggregate supply;inflation stabilization policy will not stabilize activity in the short-run
• C)temporary aggregate supply;output stabilization policy is consistent with no change in inflation in the long-run
• D)all of the above
• E)none of the above

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Definitions:

Opponents

Individuals or groups who oppose or contest certain ideas, policies, or actions, often presenting counterarguments or alternative perspectives.

Deliver Results

The expectation or obligation to produce outcomes that meet or exceed predetermined objectives or benchmarks.

Urban Districts

Areas within a city characterized by distinct administrative or geographical boundaries, often with specific local governance structures.

Republicans

Members or supporters of the Republican Party in the United States, one of the two major political parties, traditionally emphasizing conservative policies.