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Supply Shocks Which one of the following is a positive supply shock for the U.S. economy? The new cap and trade law raises energy costs
Supply Shocks Which one of the following is a positive supply shock for the U.S. economy?
The new cap and trade law raises energy costs by 15%.
Major disruption of oil supplies in the Middle East.
New technological developments spurred on by investment tax credits result in large productivity increases.
The U.S. labor force becomes increasingly unionized.
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