Which of the following is an example of an adverse supply shock?
A) OPEC cuts oil production
B) a large oil spill in the Gulf of Mexico
C) a devastating hurricane off the Louisiana coast
D) all of the above
E) none of the above
D
Economics
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Refer to Figure 11-1. The marginal product of the 7th worker is
A) 66. B) 9.43. C) 2. D) -2.
Economics
If you believe that the LM curve is vertical, what type of policy would you recommend to stimulate the economy?
A) An increase in government spending B) A reduction in government spending C) An increase in the money supply D) A reduction in the interest rate
Economics