Multiple Choice
A favourable supply shock occurs when:
A) environmental protection laws raise costs of production.
B) the Bank of Canada increases the money supply.
C) unions push wages up.
D) an oil cartel breaks up and oil prices fall.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q19: The short-run aggregate supply curve is horizontal
Q37: The long-run and short-run aggregate supply curves
Q38: The short run refers to a period:<br>A)of
Q39: Explain the concepts of shocks in aggregate
Q41: Long-run growth in real GDP is determined
Q44: What are the defining features of a
Q47: If the Bank of Canada reduces the
Q48: The index of leading indicators compiled by
Q69: What is stabilization policy?
Q84: An adverse supply shock _ the short-run