Which of the Following Is NOT an Example of a Short-Term

question 89

Multiple Choice

Which of the following is NOT an example of a short-term macroeconomic shock?

• A) planned investment expenditures
• B) a hurricane
• C) increased military spending
• D) a change in the tax code
• E) new technology

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Definitions:

Nonrenewable Resource

A natural resource that cannot be readily replaced by natural means at a quick enough pace to keep up with consumption.

User Cost

The cost of using a good or service, including the opportunity cost of forgone alternatives and depreciation.

Extracting

The process of removing or obtaining a raw material from a mix, usually by physical, chemical, or mechanical means.

Slippery Slope

A logical fallacy or argumentative strategy suggesting that a minor first step will lead to a chain of related and undesirable events.