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21. Revisiting Inflation, Unemployment, and Policy
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21. Revisiting Inflation, Unemployment, and Policy
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20. Tradeoffs Between Inflation and Unemployment / Phillips Curve and Supply Shocks / Problem 9
Problem 9
Which of the following is a real-world example of a supply shock?
A
A sudden increase in oil prices due to geopolitical tensions.
B
A steady decrease in interest rates by the central bank.
C
A gradual increase in consumer demand for electric vehicles.
D
A planned increase in government infrastructure spending.
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