Which of the Following Would Not Be Considered a Supply

question 10

Multiple Choice

Which of the following would not be considered a supply shock?

• A)a new technological breakthrough
• B)an extremely heavy frost
• C)inflation
• D)a labor strike

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Definitions:

Interest Rate

The cost of borrowing money or the return for investing money, typically expressed as a percentage of the principal.

Inventory

Inventory encompasses all the goods and materials a business holds for the purpose of resale, production, or utilization.

Equipment

Tools or machinery used for specific purposes, especially in the context of manufacturing or industrial operations.

Goods and Services

The output of an economy that satisfies consumer or business needs, where goods are physical items and services are intangible activities or benefits.