In the Short Run,a Negative Real Shock Will Cause Output

question 114

Multiple Choice

In the short run,a negative real shock will cause output growth to:

• A) increase.
• B) decrease.
• C) remain unchanged.
• D) become more difficult to predict.

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Definitions:

Global Commodity Chain

A global chain of manufacturing and delivery activities through which a product travels before it arrives at the consumer.

Resistance Strategies

Methods or tactics employed by individuals or groups to oppose, challenge, or withstand social, political, or economic power structures.

Outsourcing

“Contracting out” or transferring to another country the labor that a company might otherwise have employed its own staff to perform; typically done for financial reasons.

Commodity Chains

The network of production and distribution processes through which a product passes until it reaches the consumer, often spanning multiple countries.