Multiple Choice
Which of the following is the best example of a supply shock?
A) an increase in the availability of capital and machinery due to normal changes in business investment
B) a decrease in the productivity of the labor force due to a decline in the average educational level of workers
C) a decline in agricultural output due to a summer drought
D) an increase in output as a result of an expansion in employment
Correct Answer:

Verified
Correct Answer:
Verified
Q6: If the exchange rate value of the
Q7: If an unanticipated decrease in aggregate demand
Q8: Which of the following will lead to
Q9: If Asian economies suffer a serious economic
Q10: Construct a graph of the aggregate goods
Q12: When the U.S. dollar appreciates,<br>A) U.S. exports
Q13: An increase in capital formation that expands
Q14: Suppose the economy is in long-run equilibrium.
Q15: If an unanticipated reduction in aggregate demand
Q16: Figure 10-18 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9063/.jpg" alt="Figure 10-18