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
A
Economics
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What is the slope of the line in the graph?
A) +1/2 B) -1/2 C) +2 D) -2 E) -3/4
Economics
Refer to Figure 15-7. Suppose the economy is in a recession and the Fed pursues an expansionary monetary policy. Using the static AD-AS model in the figure above, this would be depicted as a movement from
A) A to E. B) A to B. C) B to C. D) C to B. E) C to D.
Economics