In economics, the word "shocks" refers to
A)situations where firms' expectations are not met.
B)any change in the demand for goods and services.
C)any change in the supply of goods and services.
D)a decrease in real GDP.

Question

Quizplus · Accepted Answer

Shocks in economics refer to unexpected events or changes that disrupt the normal functioning of the economy. These events can be positive or negative and can affect both the demand and supply sides of the economy.

In Economics, the Word "Shocks" Refers to