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Basic Question 14 of 15
Consider Hurricane Katrina's detrimental effect on the oil and gasoline industry: oil rigs, refinement plants, and pipelines were either shut down or taken off line. This would likely to cause a(n) ______.
B. supply shock
C. oil shock
A. demand shock
B. supply shock
C. oil shock
User Contributed Comments 1
| User | Comment |
|---|---|
| maryprz14 | oil shock! lol |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe qualities of effective central banks; contrast their use of inflation, interest rate, and exchange rate targeting in expansionary or contractionary monetary policy; and describe the limitations of monetary policy
CFA® 2024 Level I Curriculum, Volume 1, Module 4.