A Year-Long Drought That Destroys Most of the Summer's Crops

question 80

Multiple Choice

A year-long drought that destroys most of the summer's crops would be considered a:

• A) short-run supply shock.
• B) long-run supply shock.
• C) short-run demand shock.
• D) long-run demand shock.

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Definitions:

Decision-Making Process

A systematic approach to making choices among various options based on analysis and evaluation.

Gathering Information

The process of collecting data, facts, or insights from various sources for analysis, decision-making, or problem-solving.

Processing Information

The method by which individuals receive, interpret, and respond to information from their environment.

Deliberating

Engaging in careful consideration or discussion before making a decision.