Which of the Following Is Considered a Negative Supply Shock

question 163

Multiple Choice

Which of the following is considered a negative supply shock?

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

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Definitions:

Original Ratio

Original ratio refers to the initial proportional relationship between two or more quantities before any changes are made.

Partnership

A lawful business structure where two or more people jointly manage and share the earnings.

Consignment Store

A retail store that sells items on behalf of the owner, paying them a portion of the sales proceeds.

Partnership Agreement

A legal document that specifies the rights, obligations, and responsibilities of each partner in a business partnership.