In the Short Run an Adverse Supply Shock Causes

question 90

Multiple Choice

In the short run an adverse 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.

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Definitions:

Assembly Line Organization

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product in the most efficient way.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.