Which of the following represent supply shocks?
A)oil,farm prices,import prices,productivity growth
B)oil,export prices,unemployment,real GDP
C)farm prices,export prices,money supply,productivity growth
D)all of the above

Question

Quizplus · Accepted Answer

Oil prices, farm prices, import prices, and productivity growth are all examples of supply shocks, as they affect the cost of production for firms and the availability of goods and services in the market. Export prices, unemployment, real GDP, and money supply are not considered supply shocks as they do not directly impact the supply of goods and services in the market.

Which of the Following Represent Supply Shocks