Which of the Following Represents a Positive Aggregate Supply Shock

question 58

Multiple Choice

Which of the following represents a positive aggregate supply shock?

• A)an outbreak of war among oil-exporting countries
• B)a general labour strike across the country
• C)bad weather which cripples telecommunications for one month
• D)improved computer literacy for the typical worker
• E)an increase in exports

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Definitions:

Computerized

Systems or processes that are performed or managed by computers, typically involving automation of manual tasks.

Cost Flow Assumption

An accounting method used to determine the cost of goods sold and ending inventory, such as FIFO, LIFO, or average cost.

Periodic

An accounting system where inventory and cost of goods sold are determined at the end of an accounting period, rather than tracked continuously.

Perpetual

A method of inventory management where updates are made continuously to reflect sales and purchases.