Multiple Choice
An abnormally large grain crop due to highly favorable weather conditions in the Midwest is an example of
A) a technological improvement that will increase long-run aggregate supply.
B) a supply shock that will increase short-run aggregate supply.
C) an unexpected development that will reduce the natural rate of unemployment.
D) an unexpected development that will lead to excess supply and widespread unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
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Q149: Figure 10-18 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9063/.jpg" alt="Figure 10-18
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