18. Which of the following is an example of a supply shock? Group of answer choices...
18. Which of the following is an example of a supply shock?
Group of answer choices
A drop in consumer expectations prompts decreased buying of goods and services.
An unexpected tax rebate from the government gives people more money to spend.
An increase in taxes to the food sector industry increases production costs.
Government increases spending on education, healthcare and social programs.
Homework Answers
A supply shock is a situation where the supply increases or decreases suddenly due to any change in the affecting factors. It could bring a change in a single commodity or service or many commodities or services.
Hence the answer holds at C). An increases...costs
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18. Which of the following is an example of a supply shock?
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