All of the following events represent a supply shock except:
A) a change in the minimum wage.
B) the repeal of government controls on prices.
C) the introduction of automatic teller machines.
D) a decrease in world oil prices.
Correct Answer:
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Q22: According to the Phillips curve, other things
Q23: Along any aggregate supply curve, there is
Q24: The Phillips curve expresses a short-run link:
A)
Q26: Along an aggregate supply curve, if the
Q26: Both models of aggregate supply discussed in
Q30: The relationship between short-run aggregate supply curves
Q31: Which of the following will shift the
Q33: The model of aggregate demand and aggregate
Q35: If the short-run aggregate supply curve is
Q36: Along a short-run aggregate supply curve, output
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