In Macroeconomic Terms, an Increase in the Price of Imported

question 82

Multiple Choice

In macroeconomic terms, an increase in the price of imported oil or a decrease in the availability of oil is an example of a ________.

• A) demand shock
• B) supply shock
• C) monetary shock
• D) refinery shock

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Definitions:

Weekly Interest Rate

The amount of interest charged or earned over a week, often used to describe the rate for loans or savings accounts on a weekly basis.

Disbursements

Payments made by a business in cash or cash equivalents, often pertaining to operating expenses.

Holding Cash

The practice of keeping a portion of assets in liquid cash form as a safeguard against uncertainty or to meet short-term obligations.