Historically, rainfall shocks in India correlate well with

Question

Quizplus · Accepted Answer

Rainfall shocks have a significant impact on agricultural output in the country, which in turn affects real GDP. Therefore, option A is the best choice. The other options, such as inflation and employment, prices and aggregate demand, and money velocity and money supply, might be indirectly affected by rainfall shocks but are not as strongly correlated as agricultural output and real GDP.

Historically, Rainfall Shocks in India Correlate Well with