A contractionary supply shock would most likely result in

A decrease in employment

Explanation:

Supply shock refers to a sudden event that changes the supply of a product or services. It could be a negative or positive shock

A negative supply shock is caused by a decrease in supply while a positive supply shock is caused by an increase in supply.

As negative supply shock reduces output causing an increase in price while a positive supply shock increases output causing a decrease in price.

NOTE: Supply shock is usually negative.

Supply shock could be contractionary or expansionary.

•A contractionary supply shock will result in the decrease in employment contrary to an expansionary supply shock that will lead to an increase in employment.

the u.s. census bureau produces data on the population and economy nationwide. it can you to analyze the kind of people living in your neighborhood. it does not show you the market of people willing to buy your product or an existing market for your product. that will require more market research. the census bureau only gives you an insight to the demographics in your area.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.