Which of the following is an example of an adverse supply shock?
A)OPEC cuts oil production
B)a large oil spill in the Gulf of Mexico
C)a devastating hurricane off the Louisiana coast
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

OPEC cutting oil production, a large oil spill in the Gulf of Mexico, and a devastating hurricane off the Louisiana coast are all examples of adverse supply shocks that can disrupt the supply of oil and other goods, leading to higher prices and reduced economic output.

Which of the Following Is an Example of an Adverse