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a spending shock is any change in: potential gdp in the economy. borrowing conditions that changes the real interest rate at which people can borrow. production costs that leads suppliers to change the prices they charge at any given level of output. aggregate expenditure at a given interest rate and level of income.

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ogorwyne

A spending shock is any change in: aggregate expenditure at a given interest rate and level of income.

What is a spending shock?

Big, erratic costs are referred to as "Spending Shocks." More than 60% of Americans, according to CBS, are unable to handle a $500 expenditure shock. Since spending shocks are the leading cause of budget failure, being ready for significant spending shocks is the best thing you can do to maintain a stable personal financial situation.

Increased government spending, according to Keynesian economics, improves aggregate demand and consumption, which results in increased production and a quicker exit from recessions.

Read more on spending shock here: https://brainly.com/question/28431949

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