« previous next »

Author Question: An example of an aggregate supply shock is A) the cutoff of oil by the OPEC nations in the early ... (Read 90 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
An example of an aggregate supply shock is
 
  A) the cutoff of oil by the OPEC nations in the early 1970s.
  B) inflation caused by a surge in demand.
  C) the increase in the labor force due to the baby-boomer generation reaching working age.
  D) the increase in candy sales every February.

Question 2

Refer to the scenario above. Suppose Edwin consumes the total output produced. What is likely to happen in this case?
 
  A) GDP will remain unchanged. B) GDP will decrease.
  C) Trade surplus will increase by 200. D) GDP will increase.


joshbk44

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

An EpiPen is used in cases of anaphylactic shock. An EpiPen is used in cases of anaphylactic shock.
Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ... Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ...
The early stages of the human life cycle. The early stages of the human life cycle.
These photos show a rat burying a test object from which it has just received a single mild shock. These photos show a rat burying a test object from which it has just received a single mild shock.
Early Pottery From The Franchthi Cave, Greece Early Pottery From The Franchthi Cave, Greece
Physiological changes during Shock Physiological changes during Shock
Video: Photosynthesis overview Animation

For a complete list of videos, visit our video library