The short-run effect of a negative supply shock is
A) lower inflation and a declining output gap.
B) lower inflation and an increasing output gap.
C) higher inflation and a declining output gap.
D) higher inflation and an increasing output gap.
C
Economics
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Traditional economies tend to be
a. unstable and unpredictable b. stable, predictable, and growing c. unstable, unpredictable, and stagnant d. unstable and unpredictable, but growing e. stable and predictable, but stagnant
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Bargain airline fares in which airlines charge varying rates to passengers for the same flight and service is an example of
a. market penetration b. transaction pricing. c. collusion. d. price discrimination.
Economics