Which of the following is not an example of a demand shock?
A) A reduction in government spending
B) An increase in income tax rates
C) A change in oil prices.
D) A money supply increase.
E) An increase in government spending.

Question

Quizplus · Accepted Answer

A change in oil prices is typically considered a supply shock, as it affects the cost of production and supply of goods and services, rather than directly affecting demand.

Which of the Following Is Not an Example of a Demand