An economy in which output has decreased and prices have increased would suggest that there has been a:

A. negative demand side shock.
B. negative supply side shock.
C. positive demand side shock.
D. positive supply side shock.

Answer: B

Economics

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When a market is in equilibrium, the total amount of consumer surplus must be ________ the total amount of producer surplus

A) larger than B) equal to C) less than D) None of the above answers are correct.

Economics

Which of the following statements best describes the relationship between asset prices and average expected returns?

A. More risky assets will have similar prices as less risky assets B. Less risky assets will have lower prices than more risky assets C. Less risky assets will have higher prices than more risky assets D. More risky assets will have higher prices than less risky assets

Economics