Because of a Supply Shock, in the Short-Run

question 69

Multiple Choice

Because of a supply shock, in the short-run:

• A)the aggregate supply curve shifts to the left.
• B)the price level falls.
• C)unemployment falls.
• D)equilibrium real GDP rises.

---

Definitions:

Proposal Requirements

Specific criteria or conditions that need to be met in a proposal to ensure it is considered or accepted.

Submission Information

Details or data provided when submitting a document, application, or proposal for consideration.

Solicited Proposal

A proposal requested by a potential client or sponsor, often in response to a specific request or need.

RFP

RFP stands for Request for Proposal, a document issued by a company when it wants to buy a product or service and is inviting suppliers to bid.