What type of shock did the U.S. economy experience in the late 1800s as manufacturing expanded and immigration increased the size of the labor force?
A) contractionary supply shock
B) expansionary supply shock
C) contractionary demand shock
D) expansionary demand shock

Question

Quizplus · Accepted Answer

The U.S. economy experienced an expansionary supply shock in the late 1800s as manufacturing expanded and immigration increased the size of the labor force, leading to an increase in the overall supply of goods and services available in the economy.

What Type of Shock Did the U