Which of the Following Represent Supply Shocks

question 185

Multiple Choice

Which of the following represent supply shocks?

• A)oil,farm prices,import prices,productivity growth
• B)oil,export prices,unemployment,real GDP
• C)farm prices,export prices,money supply,productivity growth
• D)all of the above

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Definitions:

Salvage Value

The anticipated end-of-life value of an asset once it has finished its useful period.

Plant Asset

Long-term tangible assets that are used in the operations of a business and are not intended for sale.

Book Value

The value of an asset as recorded on a company's balance sheet, calculated as the cost of an asset minus accumulated depreciation.

Double Declining-balance

An accelerated method of depreciation where an asset's book value is reduced at double the rate of its straight-line depreciation.