Sort the following shocks into real shocks or aggregate demand shocks. Remember that “shocks” include both good and bad events.
A fall in the price of oil
A rise in consumer optimism
A hurricane that destroys factories in Florida
Good weather that creates a bumper crop of
California oranges
A rise in sales taxes
Foreigners watch fewer U.S.-made movies
Fear
New inventions occur at a faster pace than usual
A faster money growth rate