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adverse supply shock (EO)<br />A change in a factor price, e.g. of energy Or labour, which reduces AGGREGATE SUPPLY at each price leveL In the short term, the macroeconomic consequences of a shock are an increase in the price level and a fall in output.
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<strong>WIA</strong> – Workforce Investment Act, a student financial aid program administered by the Missouri Department of Economic Development, formerly known as the Job Training and Partnership Act (JTPA).
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