Examlex
Which of the following supply shocks would shift the aggregate supply curve inward?
Consumer Debts
Debts incurred for personal, as opposed to business, needs, typically including credit card debt, auto loans, and mortgages.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is a legal process that provides for the liquidation of a debtor's non-exempt assets to pay off creditors. It is often referred to as "straight" or "liquidation" bankruptcy.
Back Alimony
Past due alimony payments that have not been paid as agreed in a divorce or separation agreement.
Guaranteed Student Loans
Loans for educational purposes that are backed by governmental or private entities, ensuring repayment to lenders in case of default.
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