Multiple Choice
What effect will a negative supply shock have on the main measures of economic performance?
A) Real GDP will increase, inflation will increase, and unemployment will decrease.
B) Real GDP will decrease, inflation will decrease, and unemployment will increase.
C) Real GDP will decrease, inflation will increase, and unemployment will increase.
D) Real GDP will increase, inflation will decrease, and unemployment will decrease.
Correct Answer:
Verified
Correct Answer:
Verified
Q121: If the prices of all goods and
Q144: An unexpected negative demand shock would lead
Q150: Higher unemployment rates are linked with higher
Q162: Which of the following is the best
Q163: China's GDP per person in 2014 was
Q164: The overall behavior of the economy<br>A)is remarkably
Q164: Economists believe that expectations have little impact
Q167: Which of the following markets is most
Q169: Which of the following statements best describes
Q196: Suppose that inventories are falling. We can