Which of the following is NOT considered as a real supply shock?
A)The 2008 financial crisis.
B)The rise in oil prices in the 1970s.
C)The fall in oil prices in 2014.
D)The digital tech revolution in the 1990s.

Question

Quizplus · Accepted Answer

The 2008 financial crisis was primarily a demand shock, affecting financial markets and consumer confidence, rather than a supply shock which directly impacts production costs or capacity.

Which of the Following Is NOT Considered as a Real