Which of the Following Is Considered a Negative Supply Shock

question 59

Multiple Choice

Which of the following is considered a negative supply shock?

• A)increasing immigration in the economy causes the labor supply to rise
• B)an improvement in technology
• C)an increase in unemployment
• D)an unexpected decrease in the refining capacity for oil

---

Definitions:

High-Wage Workers

Employees who receive compensation significantly above the average for their profession or region.

Colonialism

The strategy or method involving gaining complete or partial political dominion over another nation, colonizing it with settlers, and utilizing it for economic gain.

Racist Belief

A prejudiced perspective that ascribes certain characteristics, values, or roles to individuals or groups solely based on their race.

Natives

Indigenous peoples or original inhabitants of a region, prior to colonization or the establishment of national borders.