Economists use the term shocks to mean
A)unexpected government actions that affect the economy.
B)typically unpredictable forces that have major impacts on the economy.
C)sudden rises in oil prices.
D)the business cycle.

Question

Quizplus · Accepted Answer

Shocks are typically unpredictable forces that have major impacts on the economy. They could include sudden changes in the weather, unexpected political events, or technological breakthroughs that disrupt entire industries.

Economists Use the Term Shocks to Mean