A big increase in government spending is an example of a positive demand shock.
A demand shock is a sudden event that increases or decreases demand for goods or services temporarily. A positive demand shock increases aggregate demand and a negative demand shock decreases aggregate demand. Therefore there will be an initial inflation with the shock but since demand shocks are temporary and the central bank commits to an inflation rate target, then over time inflation will fall back down to the inflation target.
Expansionary fiscal policy is an increase in government spending or a decrease in taxation, while contractionary fiscal policy is a decrease in government spending or an increase in taxes. Expansionary fiscal policy can be used by governments to stimulate the economy during a recession.
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Answer:
improving access to public libraries
Explanation:
Answer:
Being politically open
Explanation:
The social conflict approach is a framework for building theory that sees society as an arena of inequality that generates conflict and change. Sociologists use the social conflict approach to study the ongoing conflict between dominant and more disadvantaged groups
The given statement is True.
Consumers look towards aspirational and opinion leader reference groups to secure references regarding what they should consume and how they should behave.
Explanation:
When people want to belong to a group, or either model their behaviors even if they don't belong to that group, then such groups are called aspirational groups.
When some individual has high level of influence over the purchasing behavior of others, the person is called the opinion leader.
So aspirational reference groups and opinion leaders have no doubt a pretty much influence on the behaviors and consumption patterns of the people, because people want to directly or indirectly want to to get their selves associated with them.
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