What kind of economic shock does the following statements represent? Short-term effects of rising household saving in response to RRSP and RRIFs tax-saving provisions: choose from: affect only long-run aggregate supply, positive aggregate demand shock, negative aggregate supply shock, negative aggregate demand shock, positive aggregate supply shock More Canadians vacation at home (Canada): choose from: negative aggregate supply shock, changes both short-run and long-run aggregate supply, positive aggregate supply shock, negative aggregate demand shock, changes long-run aggregate supply, positive aggregate demand shock Businesses face high commodity (input) prices: choose from: changes long-run aggregate supply, negative aggregate demand shock, positive aggregate demand shock, changes both short-run and long-run aggregate supply, negative aggregate supply shock, positive aggregate supply shock

What kind of economic shock does the following statements represent? Short-term effects of rising household saving in response to RRSP and RRIFs tax-saving provisions: choose from: affect only long-run aggregate supply, positive aggregate demand shock, negative aggregate supply shock, negative aggregate demand shock, positive aggregate supply shock More Canadians vacation at home (Canada): choose from: negative aggregate supply shock, changes both short-run and long-run aggregate supply, positive aggregate supply shock, negative aggregate demand shock, changes long-run aggregate supply, positive aggregate demand shock Businesses face high commodity (input) prices: choose from: changes long-run aggregate supply, negative aggregate demand shock, positive aggregate demand shock, changes both short-run and long-run aggregate supply, negative aggregate supply shock, positive aggregate supply shock

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

What kind of economic shock does the following statements represent?
Short-term effects of rising household saving in response to RRSP and RRIFs tax-saving provisions:
choose from: affect only long-run aggregate supply, positive aggregate demand shock, negative aggregate supply shock,
negative aggregate demand shock, positive aggregate supply shock
More Canadians vacation at home (Canada):
choose from: negative aggregate supply shock, changes both short-run and long-run aggregate supply, positive
aggregate supply shock, negative aggregate demand shock, changes long-run aggregate supply, positive aggregate
demand shock
Businesses face high commodity (input) prices:
choose from: changes long-run aggregate supply, negative aggregate demand shock, positive aggregate demand shock,
changes both short-run and long-run aggregate supply, negative aggregate supply shock, positive aggregate supply
shock

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