____ are unexpected temporary events that can either increase or decrease short-run aggregate supply.
A)Profit effects
B)Volatilities
C)Supply shocks
D)Misperception effects

Question

____ are unexpected temporary events that can either increase or decrease short-run aggregate supply.
A)​Profit effects
B)​Volatilities
C)​Supply shocks
D)​Misperception effects

Quizplus · Accepted Answer

Supply shocks are unexpected temporary events that can either increase or decrease short-run aggregate supply. These shocks can be caused by a variety of factors, such as natural disasters, changes in government policies, and technological advancements. The effects of supply shocks can be felt quickly in the economy, leading to changes in prices and output levels. The other options, such as profit effects and misperception effects, do not accurately describe the concept of unexpected temporary events that impact short-run aggregate supply.

____ Are Unexpected Temporary Events That Can Either Increase or Decrease