An Event That Directly Affects Firms' Costs of Production and Thus

question 52

Multiple Choice

An event that directly affects firms' costs of production and thus the prices they charge is called

• A)a Phillips contraction.
• B)an inflationary spiral.
• C)a demand shock.
• D)a supply shock.

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Definitions:

Total Emissions

The sum of all pollutants released into the atmosphere from various sources within a specified area or by a particular process.

Alpha Emissions

A type of radioactive decay where an alpha particle, consisting of two protons and two neutrons, is emitted from the nucleus of an atom, reducing its mass and changing its atomic structure.

Negative Externality

A cost that affects a party who did not choose to incur that cost, commonly associated with production or consumption of goods and services.

Government Agency

A government agency is an organization operated by the government to enforce laws, oversee activities, and provide services in a specific area.