Question: A decrease in the availability of raw materials that increases the price level is called a _ _ _ _ _ _ _ _ shock

A decrease in the availability of raw materials that increases the price level is called a________ shock
Question content area bottom
Part 1
A.
positive supply
B.
negative supply
C.
positive demand
D.
negative demand

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!