Changes in consumer confidence,business optimism,government spending,and foreign events that cause economic volatility are known as
A)Supply Shocks.
B)Demand Shocks.
C)Aggregate Demands.
D)Real Business Cycles.

Question

Quizplus · Accepted Answer

Changes in consumer confidence, business optimism, government spending, and foreign events that cause economic volatility are known as demand shocks. Supply shocks refer to sudden changes in production costs or availability of inputs, aggregate demand refers to the total demand for goods and services in an economy, and real business cycles refer to fluctuations in productivity and output caused by technological advancements and market forces.

Changes in Consumer Confidence,business Optimism,government Spending,and Foreign Events That Cause