A year-long drought that destroys most of the summer's crops would be considered a:
A) short-run supply shock.
B) long-run supply shock.
C) short-run demand shock.
D) long-run demand shock.

Question

Quizplus · Accepted Answer

A short-run supply shock refers to a sudden, unexpected event that temporarily disrupts the supply side of the economy, such as a drought affecting crop production.

A Year-Long Drought That Destroys Most of the Summer's Crops