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From course:

Economics A Level

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Question:

What is a Demand Side Shock? Give examples

Author: go kys



Answer:

-This is where Aggregate Demand will Unexpectedly Rise or Fall -An Example can be if Consumers Confidence is Boosted, due to House Prices Rising (Wealth Effect) -If a Nation's Major Trading Partners goes into a Recession, this may lead to Reduced Demand for a Nation's Exports


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go kys
go kys