You Have Just Read That Australia Has Suffered a Drought,destroying

question 4

Multiple Choice

You have just read that Australia has suffered a drought,destroying its wheat crop for this year.The effect of this adverse supply shock on Australia would probably be

• A)an increase in prices and an increase in real interest rates.
• B)an increase in prices, an increase in nominal interest rates, but a decrease in real interest rates.
• C)a decrease in prices and a decrease in real interest rates.
• D)a decrease in prices, a decrease in nominal interest rates, but an increase in real interest rates.

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Definitions:

Staining Technique

A laboratory method used to enhance the visibility of cells or cell components under a microscope by applying colored chemicals.

Catheterization

The process of inserting a catheter (a thin tube) into a body cavity, duct, or vessel to allow for drainage, injection of fluids, or access by surgical instruments.

Diabetes Insipidus

A rare disorder characterized by intense thirst and the excretion of large amounts of urine, not related to diabetes mellitus, caused by a lack of the antidiuretic hormone (ADH) or a resistance to it.

Urobilinogen

The colorless product of bilirubin reduction formed in the intestines by bacterial action.