Multiple Choice
Which of the following is NOT a beneficial supply shock?
A) an abundant harvest that increases food supplies
B) discoveries of natural resources
C) technological advances
D) an embargo on trade in oil
Correct Answer:

Verified
Correct Answer:
Verified
Q51: How are prices and output affected when
Q52: What is an expansionary gap equal to?
Q54: Assume that an economy is operating beyond
Q55: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4905/.jpg" alt=" -Refer to the
Q57: Which of the following would cause the
Q58: Suppose the price level turns out to
Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4905/.jpg" alt=" -Refer to the
Q60: In constructing a short-run aggregate supply curve,
Q61: What does the nominal wage represent? <br>A) the
Q108: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4905/.jpg" alt=" -Refer to the