Multiple Choice
An abnormally large grain crop due to highly favorable weather conditions in the Midwest is an example of a(n)
A) technological improvement that will increase long-run aggregate supply.
B) supply shock that will increase short-run aggregate supply.
C) unexpected development that will reduce the natural rate of unemployment.
D) unexpected development that will lead to excess supply and widespread unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
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