Multiple Choice
Beneficial supply shocks include all of the following except one.Which is the exception?
A) an abundant harvest that increases food supplies
B) discoveries of natural resources
C) changes in legislation favorable to production
D) technological advances
E) establishment of the Occupational Safety and Health Administration (OSHA)
Correct Answer:
Verified
Correct Answer:
Verified
Q67: In constructing a short-run aggregate supply curve,we
Q114: An expansionary gap is closed in the
Q201: If an economy is at its potential
Q202: If the expected price level exceeds the
Q203: Exhibit 10-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 10-9
Q204: If the economy were at its potential
Q205: During a recession,<br>A)unemployment is below the natural
Q206: A wage rate above what is necessary
Q209: A nominal wage is<br>A)not above the legal
Q210: Whether aggregate supply shifts quickly or slowly