Which of the Following Is NOT a Reason Why Natural

question 58

Multiple Choice

Which of the following is NOT a reason why natural GDP might fall as a result of a supply shock?

• A)The production function shifts downward.
• B)There might be a voluntary decline in the supply of labor in response to the decline in real wages.
• C)The supply of labor is a function of the expected wage rate.
• D)none of the above

---

Definitions:

Flextime

A flexible work schedule allowing employees to choose their working hours within agreed limits.

Steep Gradients

Areas of land with a sharp incline or slope, often leading to faster water flow and potential erosion.

Bedrock Canyons

Bedrock canyons are deep, narrow valleys with steep sides, carved into bedrock by the erosive action of flowing water over geological time periods.

Unconfined Channels

Natural river channels that are not constrained by man-made structures and are free to change course and flood.