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14 July, 04:33

An abnormally large grain crop due to highly favorable weather conditions in the Midwest is an example of

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a. an unexpected development that will lead to excess supply and widespread unemployment.

b. a technological improvement that will increase long-run aggregate supply.

c. an unexpected development that will reduce the natural rate of unemployment.

d. a supply shock that will increase short-run aggregate supply.

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  1. 14 July, 06:26
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    d. a supply shock that will increase short-run aggregate supply

    A supply shock is an unexpected event that changes the supply of a product or commodity, resulting in a sudden change in price.
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