Asked by
victoria aguirre
on Dec 17, 2024
Verified
The proliferation of Internet usage serves as an example of a favorable supply shock.
Internet Usage
Refers to the various activities and tasks performed by individuals or organizations over the internet, including communication, information search, entertainment, and e-commerce.
Favorable Supply Shock
An unexpected event that increases the supply of a good or service, leading to a lower price and benefitting consumers.
- Acquire insight into how supply shocks influence inflation, unemployment rates, and the total aggregate supply curve.
- Examine the impact of widespread internet adoption and variations in government spending on economic conditions.
Verified Answer
LM
Learning Objectives
- Acquire insight into how supply shocks influence inflation, unemployment rates, and the total aggregate supply curve.
- Examine the impact of widespread internet adoption and variations in government spending on economic conditions.