Multiple Choice
A supply shock is defined as
A) a decrease in full-employment output.
B) a surprise event that changes the firm's production costs.
C) a reduction in aggregate demand that has a negative impact on the firm's revenue.
D) a sudden upward movement along the short-run aggregate supply curve.
E) an attempt by employees to negotiate a wage increase.
Correct Answer:
Verified
Correct Answer:
Verified
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