Which of the following is NOT an example of a short-term macroeconomic shock?
A) a drought
B) high unemployment
C) increased military spending
D) a change in the tax code
E) political unrest

Question

Quizplus · Accepted Answer

High unemployment is typically considered a longer-term issue rather than a short-term macroeconomic shock. Short-term shocks are sudden events that temporarily disturb the economy, whereas high unemployment can persist over a longer period and is often a result of underlying economic issues.

Which of the Following Is NOT an Example of a Short-Term