A Supply Shock Is

question 98

Multiple Choice

A supply shock is:

• A)an expected event that can either increase or decrease long-run aggregate supply permanently.
• B)an unexpected temporary event that can either increase or decrease the supply of an individual firm.
• C)an unexpected temporary event that can either increase or decrease the short-run aggregate supply.
• D)a state of confusion that occurs during a period of hyperinflation which can lead to an increase in supply in an industry.
• E)an artificially created scarcity of a particular commodity that aims at increasing the price of the commodity.

---

Definitions:

Parents Influence

The impact that parents have on their children’s development, behavior, and choices through their actions, teachings, and interactions.

Coping with Anxiety

Strategies or practices employed to manage and reduce anxiety.

Middle Childhood

A developmental stage ranging from about 6 to 12 years old, characterized by significant growth in social, cognitive, and physical areas.

Younger Child

A term typically used to refer to the child or children in a family who are younger than their siblings, focusing on their unique developmental and social positions within the family dynamics.