A Sudden Increase in Immigration Would Be Considered A(n)

question 70

Multiple Choice

A sudden increase in immigration would be considered a(n) :

• A) short-run supply shock.
• B) long-run supply shock.
• C) interest-rate shock.
• D) A change in immigration would not influence aggregate demand or supply.

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Definitions:

Percent Reduced

A measure of how much a number or value is decreased expressed as a percentage.

Post-Christmas Sale

A marketing event where retailers offer significant discounts on merchandise following the Christmas holiday to reduce inventory.

Percent Increase

A measure of the degree to which a quantity has grown compared to its original value, expressed as a percentage.

Trailers

Vehicles towed behind others, used for transporting goods or as mobile homes.