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.

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

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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