Three of the following events can be classified as a supply shock and one as a demand shock. Which one of the following represents the demand shock? A: A fall in the exchange rates boosts exports of manufactured goods. B: European regulations ensure all workers get paid overtime. C: Scientists in Russia discover a new form of low carbon oil. D: A strike wave spreads across Chinese and Indian farm workers.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Three of the following events can be classified as a supply shock and one as a demand
shock. Which one of the following represents the demand shock?
A: A fall in the exchange rates boosts exports of manufactured goods.
B: European regulations ensure all workers get paid overtime.
C: Scientists in Russia discover a new form of low carbon oil.
D: A strike wave spreads across Chinese and Indian farm workers.
Transcribed Image Text:Three of the following events can be classified as a supply shock and one as a demand shock. Which one of the following represents the demand shock? A: A fall in the exchange rates boosts exports of manufactured goods. B: European regulations ensure all workers get paid overtime. C: Scientists in Russia discover a new form of low carbon oil. D: A strike wave spreads across Chinese and Indian farm workers.
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