According to Aggregate Demand and Supply Analysis,the Favorable Supply Shock

question 89

Multiple Choice

According to aggregate demand and supply analysis,the favorable supply shock of 1995-1999 had the effect of

• A)increasing aggregate output,lowering unemployment,and raising inflation.
• B)decreasing aggregate output,raising unemployment,and raising inflation.
• C)increasing aggregate output,lowering unemployment,and lowering inflation.
• D)decreasing aggregate output,raising unemployment,and lowering inflation.

---

Definitions:

Preventive Maintenance

The routine maintenance and care of equipment and machinery to prevent unexpected breakdowns and costly repairs.

Breakdown Cost

The costs associated with a machinery or equipment failure, including repair costs, lost production time, and impact on product quality.

Components In Series

Parts or elements arranged in a sequence where each component must function correctly for the overall system to work.

6-Sigma Standards

A set of techniques and tools for process improvement, aiming at reducing defects and variability in manufacturing and business processes to improve quality.