Oil Price Shocks, Technological Improvements, and Expansionary Fiscal Policy Are

question 51

True/False

Oil price shocks, technological improvements, and expansionary fiscal policy are all examples of real business-cycle shocks.

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Definitions:

Consumer Demand

The desire of buyers for goods and services, influencing the quantity that the market can sell at a certain price.

Pricing Constraint

Limitations or conditions that affect how a product or service is priced, such as cost of production, competition, or regulatory compliance.

Potential Buyers

Individuals or entities that are considered likely prospects or leads for purchasing products or services.

Product Life Cycle

A concept that describes the stages a product goes through from its introduction to the market until it is discontinued.