Which of the Following Would Not Be Considered a Supply

question 56

Multiple Choice

Which of the following would not be considered a supply shock?

• A) A change in the price of imported oil
• B) Frost damage to the orange crop
• C) A change in the level of education of the average worker
• D) An increase in the level of government spending

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Definitions:

Modern Square

Refers to the contemporary version of the traditional square of opposition, a diagram representing the logical relations between particular kinds of propositions.

Opposition

The relationship between propositions that cannot both be true but can both be false, or the act of resistance or dissent.

Relationships

Connections, associations, or interactions between two or more people, groups, or things.

Modern Square

A method of representing the four types of categorical propositions and their logical relations in a visual diagram.