Which of the Following Is an Example of a Supply

question 109

Multiple Choice

Which of the following is an example of a supply shock?

• A) a surprise increase of the money supply
• B) an increase in government spending
• C) a sharp increase in the price of oil
• D) an increase in the price level

---

Definitions:

Business Activities

Various actions undertaken by a company as part of its operation, including investing, financing, and operating activities.

Revenues

The income received by a business from its normal business operations, often from the sale of goods or services.

Transposition

An error in which the order of the digits is changed, such as writing $542 as $452 or $524.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to check for errors in the double-entry system.