The oil price shock of the 1970's would be an example of a negative supply shock.

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The oil price shock of the 1970's resulted in a substantial increase in the price of oil, which is a crucial input in many industries. This led to an increase in the cost of production, and a leftward shift of the short-run aggregate supply curve. As a result, the economy experienced stagflation, which is characterized by high inflation and low economic growth. This is a classic example of a negative supply shock.

The Oil Price Shock of the 1970's Would Be an Example