A Favorable Supply Shock Would

question 35

Multiple Choice

A favorable supply shock would

• A)shift the production function up and decrease marginal products at every level of employment.
• B)shift the production function down and decrease marginal products at every level of employment.
• C)shift the production function down and increase marginal products at every level of employment.
• D)shift the production function up and increase marginal products at every level of employment.

---

Definitions:

Subject Matter

The content or topic covered or dealt with in a discussion, study, or work, focusing on the specific area of interest or theme.

Unlimited Jurisdiction

A legal term indicating a court's ability to hear cases of any type or value without monetary limit.

Class Action Suit

A legal proceeding where a group of people with similar grievances sue a defendant as a collective body.

Original Jurisdiction

The authority of a court to be the first to hear and adjudicate a case, before any appeal.