Which of the following does NOT represent a shock that can affect GDP?
A) productivity shocks
B) weather shocks
C) changes in the portion of income that consumers save as a whole
D) oil shocks
Correct Answer:
Verified
Q129: A reduction in the supply of oil
Q130: In recent years, negative oil price shocks
Q131: When a war breaks out in the
Q132: When did the first oil shock occur
Q133: The five most recent U.S. recessions:
A) preceded
Q135: Which statement best describes one of the
Q136: The increase in oil prices that took
Q137: How has the price of oil generally
Q138: Use the following to answer questions: Figure:
Q139: Why have oil shocks become less economically
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