A supply shock is exactly the opposite of a price shock.

Name: A supply shock is exactly the opposite of a price shock.
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Question

Quizplus · Accepted Answer

A supply shock refers to a sudden and unexpected change in the supply of goods or services, which can lead to a change in prices. On the other hand, a price shock refers to a sudden and unexpected change in the price of goods or services, which can lead to a change in the demand or supply. Thus, they are not the opposite of each other.

A Supply Shock Is Exactly the Opposite of a Price