An example of a price shock is ________.
A)an increase in wages as a result of higher expected inflation
B)the arrival of immigrants seeking employment
C)the decline in autonomous spending that results from rising unemployment
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

A price shock refers to a sudden and significant change in the price of a commodity or service, often due to external factors. The options provided (A, B, C) do not directly describe scenarios that would lead to a sudden and significant change in prices, but rather involve factors that could affect the economy in various ways without necessarily causing a direct and immediate shock to prices.

An Example of a Price Shock Is ________