Eric lost his job because a recession caused his employer's sales to fall. This is an example of:

Which of the following is likely to cause the supply curve for steel window frames to shift to the right?

A) A decrease in the cost of production of steel due to a new subsidy B) A fall in the number of steel window frame producers due to factory lockouts C) A rise in the market price of steel window frames due to an increase in demand D) An increase in the wages of labor working in steel firms due to demands by trade unions

Which of the following is NOT given in the video as an example of a real shock?

A. high inflation B. bad weather C. wars D. changes in the price of oil