If a Hurricane Were to Wipe Out the Majority of the Eastern

question 174

Multiple Choice

If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:

• A) short-run supply shock.
• B) long-run supply shock.
• C) short-run demand shock.
• D) long-run demand shock.

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Definitions:

Systems Theorists

Scholars who study the interrelated components of systems, focusing on how parts interact within a whole.

Inside-out

An approach or perspective that starts from within an organization and works toward its external environment, focusing on leveraging internal strengths.

Systems Approach

A holistic perspective that examines the interrelations and interactions within and among components of a complete system.

Behavioral Approach

A perspective in psychology and management focusing on understanding human behavior through observation and empirical data, often emphasizing the environment's role on behavior.