The financial and opportunity costs consumers pay when looking for a good or service:

Which of the following is considered a negative supply shock?

A) an unexpected decrease in the refining capacity for oil B) an improvement in technology C) increasing immigration in the economy causes the labor supply to rise D) an increase in unemployment

Harry spent $39,000 in 2009 and $42,000 in 2014 on goods and services. The consumer price index was 220 for 2009 and 231 for 2014 . Harry's 2009 spending in 2014 dollars is about

a. $43,290. b. $37,143. c. $40,950. d. $40,857.