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From course:

Economics A Level

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Question:

What is a Supply Side Shock? Give examples

Author: go kys



Answer:

-This is where Aggregate Supply will Unexpectedly Rise or Fall -An Example can be if a Poor Harvest leads to a Reduction in the Supply of Food, reducing the Economy's Capacity -Finding a new Source of a Raw Materials can Greatly Reduce its Price and Increase its Supply, Increasing the Capacity of the Economy


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go kys
go kys