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 is not considered a beneficial supply shock as it can lead to higher wages and costs for businesses, potentially increasing inflation rather than reducing it.

Which of the Following Was Not a Beneficial Supply Shock