1 page/≈275 words
Literature & Language
Supply Stock (Essay Sample)
SHORT ANSWER (200 words or less): What is a supply shock? Explain the differences between a beneficial and an adverse supply shock. ** if possible use source from ECON Macro by Willaim A. McEachern (available online via cengage learning)** source..
Supply shock can be understood as unforeseen occurrences that influence aggregate supply. The effects may be temporary or long-term. In other words, supply shock refers to sudden and unpredictable happenings that significantly impact on total supply. Unlike such gradual and predictable events as changes in the quality and quantity of labor force, supply shock incidents tend to be abrupt and startling to a firm CITATION Wil123 \l 1033 (McEachern, 2012).
There are two distinct type...
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