A Supply Shock Is Defined as

question 77

Multiple Choice

A supply shock is defined as

• A) a decrease in full-employment output.
• B) a surprise event that changes the firm's production costs.
• C) a reduction in aggregate demand that has a negative impact on the firm's revenue.
• D) a sudden upward movement along the short-run aggregate supply curve.
• E) an attempt by employees to negotiate a wage increase.

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