An Example of a Positive Aggregate Demand Shock Is ________

question 30

Multiple Choice

An example of a positive aggregate demand shock is ________.

• A) carbon cap-and-trade program
• B) productivity improving technological innovation
• C) an increase in the price of oil
• D) the shale gas revolution

---

Definitions:

State of Nature

A term often used in decision theory and statistics to describe scenarios or conditions that are beyond the control of decision-makers, such as market trends or natural disasters.

Maximin Criterion

A decision-making principle that suggests choosing the option with the greatest minimum payoff, particularly under uncertainty, to ensure the best worst-case outcome.

Population Trends

Patterns of change in the size, composition, and distribution of human populations over time.

Dwelling Type

Dwelling type refers to the classification of residential units based on their structure, design, and functionality, such as apartments, houses, or townhomes.