Multiple Choice
Suppose there is a temporary supply shock because of a war in the Middle East,then ________.
A) this would constitute a cost push shock due to a restriction in the supply of oil
B) the AS curve would shift to the left
C) this could theoretically lead to stagflation
D) all of the above
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q35: Suppose that households and businesses increase autonomous
Q36: AD - AS Shocks <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5036/.jpg" alt="AD
Q37: If a new government adopted some ill-advised
Q38: If the unemployment rate is above its
Q39: If the adoption of a new technology
Q41: If for any given inflation rate,the federal
Q42: By the time Paul Volcker took office
Q43: In the short run,_.<br>A)cost push shocks can
Q44: When a temporary shock in the economy
Q45: In 1973,the Organization of Petroleum Exporting Countries