In the Short Run, a Favorable Supply Shock Causes

question 45

Multiple Choice

In the short run, a favorable supply shock causes:

• A) both prices and output to rise.
• B) prices to rise and output to fall.
• C) prices to fall and output to rise.
• D) both prices and output to fall.

---

Definitions:

Type of Textbooks

Varieties of educational books tailored to specific subjects or academic levels, designed to facilitate learning and comprehension.

Comprehension

The capability to comprehend and interpret the significance of something, like a document or scenario.

Strategies

Refers to plans or methods developed to achieve a specific goal or to solve certain problems.

Assigned Reading

Specific material or texts designated to be read by students as part of their coursework.