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12.3 Shocks to the System

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12.3 Shocks to the System
Refer to the information provided in Figure 12.3 below to answer the questions that follow. 12.3 Shocks to the System Refer to the information provided in Figure 12.3 below to answer the questions that follow.   Figure 12.3 -Refer to Figure 12.3. Assume the economy is at Point A. Lower oil prices shift the aggregate supply curve to AS<sub>0</sub>. If the government decides to counter the effects of lower oil prices by decreasing government spending, then the price level will be ________ than P<sub>0</sub> and output will be ________ than Y<sub>0</sub>. A)  greater; greater B)  greater; less C)  less; less D)  less; greater Figure 12.3
-Refer to Figure 12.3. Assume the economy is at Point A. Lower oil prices shift the aggregate supply curve to AS0. If the government decides to counter the effects of lower oil prices by decreasing government spending, then the price level will be ________ than P0 and output will be ________ than Y0.

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Definitions:

Annual Dividend

The total amount of dividends that a company pays to its shareholders over a year, per share.

EPS Growth Rate

The rate at which a company's earnings per share (EPS) has grown or is expected to grow over a specified period.

Rate of Return

The positive or negative financial outcome of an investment over a specific period, expressed in terms of a percentage of the cost of investment.

EPS

EPS stands for Earnings Per Share, a financial ratio that indicates the portion of a company's profit allocated to each outstanding share of common stock.

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