A year-long drought that destroys most of the summer's crops would be considered:
A)a short-run supply shock.
B)a long-run supply shock.
C)a short-run demand shock.
D)a long-run demand shock.

Question

Quizplus · Accepted Answer

A year-long drought that destroys most of the summer's crops is a short-run supply shock because it temporarily reduces the supply of agricultural products, affecting prices and availability in the short term.

A Year-Long Drought That Destroys Most of the Summer's Crops