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

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Definitions:

Consumer Capitalism

An economic system driven by consumer spending on goods and services, often characterized by the encouragement of goods consumption.

Middle Eastern Countries

Nations located in the Middle East, a region primarily in Western Asia and Northeast Africa, characterized by distinct cultural, religious, and geopolitical traits.

Social Contract

A theory or model, originating during the Age of Enlightenment, that typically addresses the questions of the origin of society and the legitimacy of the authority of the state over the individual.

Suburbanization

The process by which cities grow and spread into surrounding suburban areas, often characterized by residential expansion and the movement of populations away from urban centers.