________ shocks are unexpected changes in the demand for goods and services While, _________ shocks are unexpected changes in the supply of goods and services.
A) supply; demand.
B) investment; savings.
C) internal; external.
D) demand; supply.

Question

Quizplus · Accepted Answer

Demand shocks refer to unexpected changes in the consumer demand for goods and services, such as shifts in consumer preferences or fluctuations in disposable income. Supply shocks, on the other hand, refer to unexpected changes in the supply of goods and services, such as natural disasters impacting the production process or changes in technology affecting the productivity of businesses.

________ Shocks Are Unexpected Changes in the Demand for Goods