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Subject - Economics:

Macroeconomics

MCQ - 205-4215

Question:

Which of the following is an example of an expansionary supply shock?

  1. Rapid increasing wages
  2. A greatly depreciated currency
  3. Declining labor productivity
  4. A greatly depreciated currency
  5. Lower factor prices in major industries

Correct Answer: E

Explanation:

Lower factor prices in major industries represent decreased costs of production, and this creates an increased SRAS.

Record Performance

269 MCQ for effective preparation of the test of Macroeconomics of Economics section.

Read the MCQ statement: Which of the following is an example of an expansionary supply shock? , keenly and apply the method you have learn through the video lessons for Macroeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 205-4215.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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