Question: 1. Sort the following shocks into real shocks or aggregate demand shocks. Remember that shocks include both good and bad events. - A fall in
1. 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
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