A Favorable Supply Shock Would

question 35

Multiple Choice

A favorable supply shock would

• A)shift the production function up and decrease marginal products at every level of employment.
• B)shift the production function down and decrease marginal products at every level of employment.
• C)shift the production function down and increase marginal products at every level of employment.
• D)shift the production function up and increase marginal products at every level of employment.

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Definitions:

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Techniques or practices that can enhance the ability to store, retain, and recall information.

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A type of long-term memory involving the ability to remember facts and general knowledge about the world.

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Information that has been accumulated over time through various means about a wide range of subjects or facts.

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A highly structured activity engaged in with the specific goal of improving performance.