Supply Shocks

question 54

Multiple Choice

Supply shocks

• A)occur more frequently than demand shocks.
• B)usually result from fiscal and monetary policy changes.
• C)occur when sellers face unexpected changes in the availability and/or prices of key inputs.
• D)have been responsible for most of the recessions in the United States since World War II.

---

Definitions:

Inventory Balance

The total value or quantity of all the goods and materials held by a company or business for the purpose of resale or production.

Men's Shoes

Footwear specifically designed and made for men.

Kettle Corn

A sweet variety of popcorn that is typically made with sugar, salt, and oil.

Pop Corn

Edible kernels of certain varieties of maize that expand and burst open when heated, commonly served as a snack.