A sudden lack of goods:
a. supply shock
b. shortage
c. excess supply
d. disequilibrium
e. search costs
Ans: a. supply shock
Economics
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If aggregate demand and nominal GDP increase while the price level is constant, we would conclude that
A) the economy is already at full employment. B) the aggregate supply curve is upward sloping. C) the aggregate supply curve is horizontal. D) the aggregate demand curve is vertical.
Economics
A merger between firms that compete in the same market is called a:
a. horizontal merger. b. vertical merger. c. conglomerate merger. d. monopoly.
Economics