A Demand Shock Is a Shift in the Aggregate Demand

question 122

True/False

A demand shock is a shift in the aggregate demand curve, whereas a price shock is typically a shift in the supply curve.

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Definitions:

Chimpanzee

A great ape with large ears, mainly black coloration, and lighter skin on the face, native to the forests of central and West Africa.

Orangutan

A large arboreal ape found in the rainforests of Borneo and Sumatra, known for its intelligence, long arms, and reddish-brown hair, and facing significant threats from habitat loss.

Restricted Diet

A diet limited in certain foods or nutrients, often for medical reasons or personal choice.

Brain Expansion

The growth or increase in size of the brain, which can refer to the evolutionary process where species, especially humans, have acquired larger brains.