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

Situations in which firms expect one thing to happen but then something else happens are called "shocks." Recessions, business cycles, and fluctuations are broader economic concepts that may include instances of unexpected events or changes, but do not specifically refer to situations in which firms expect one thing and another thing happens.

Situations in Which ﬁRms Expect One Thing to Happen but Then