The term "shock"
A)always refers to an unexpectedly bad event.
B)always refers to an increase in inflation.
C)does not tell us whether what has happened is unexpectedly bad or unexpectedly good.
D)always refers to a decrease in real GDP and an increase in unemployment.

Question

Quizplus · Accepted Answer

The term "shock" in economics refers to an unexpected event that can be either positive or negative, affecting the economy in various ways.

The Term "Shock