The typical result of an adverse supply shock is
a. falling output accompanied by accelerating inflation.
b. falling output accompanied by decelerating inflation.
c. rising output accompanied by accelerating inflation.
d. rising output accompanied by decelerating inflation.
a
You might also like to view...
What is an externality? How are positive externalities different from negative externalities?
What will be an ideal response?
The median voter theorem will be an accurate predicator of the outcomes of elections
A) when a majority of voters have preferences very similar to those of the median voter. B) only when voter turnout is very high. C) when a majority of voters have preferences different from those of the median voter. D) regardless of whether preferences among voters are similar or different from those of the median voter.