Which of the Following Is Considered a Negative Supply Shock

question 59

Multiple Choice

Which of the following is considered a negative supply shock?

• A)increasing immigration in the economy causes the labor supply to rise
• B)an improvement in technology
• C)an increase in unemployment
• D)an unexpected decrease in the refining capacity for oil

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Definitions:

Negotiated Contracts

Negotiated contracts are agreements resulting from discussions between two or more parties, where the terms are discussed and agreed upon by all involved, often requiring compromise.

Mach Negotiators

Negotiators who adopt a more strategic, manipulative, or high Machiavellian approach in their negotiation tactics.

Machiavellianism

A personality trait which sees a person so focused on their own interests they will manipulate, deceive, and exploit others to achieve their goals.

Negotiation Style

Refers to the strategies and approaches individuals or groups employ to reach agreements or resolve differences, influenced by culture, personality, and context.