Which of the following was NOT a beneficial supply shock occurring in the 1990s?
A)falling computer prices
B)the transition to managed health care organizations,i.e.HMOs.
C)a stronger bargaining position for labor
D)increased global competition

Question

Quizplus · Accepted Answer

A stronger bargaining position for labor would not be considered a supply shock, as it relates to a change in demand for labor rather than a change in the production process or technology. The other choices all represent beneficial supply shocks that contributed to economic growth in the 1990s.

Which of the Following Was NOT a Beneficial Supply Shock