Situations in which firms expect one thing to happen but then something else happens are called
A)recessions.
B)shocks.
C)business cycles.
D)fluctuations.

Question

Quizplus · Accepted Answer

Shocks are unexpected events that can have a significant impact on the economy. They can be positive or negative, and can come from a variety of sources, such as natural disasters, wars, or changes in government policy.

Situations in Which Firms Expect One Thing to Happen but Then