An unexpected event that causes the aggregate demand curve to shift inward or outward is an

A) aggregate demand shock.
B) aggregate supply shock.
C) aggregate supply increase.
D) aggregate supply decrease.

A

Economics

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A temporary decrease in the price of oil would be considered a:

A. long-run supply shock. B. demand shock. C. short-run supply shock. D. The changing price of oil would not affect any of these.

Economics

Monopolies such as those created by copyrights and patents

A. inhibit but do not prevent innovation and authorship. B. lower prices. C. stifle innovation and authorship. D. are necessary to motivate innovation and authorship.

Economics