Multiple Choice
In economics, the word "shocks" refers to
A) situations where firms' expectations are not met.
B) any change in the demand for goods and services.
C) any change in the supply of goods and services.
D) a decrease in real GDP.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q64: What are demand shocks? Describe a positive
Q65: Which of the following statements is true?<br>A)
Q66: Suppose a small economy produces only MP3
Q67: What impact will a negative demand shock
Q68: When firms face reduced demand for their
Q70: Which of the following is not a
Q71: Real GDP can change due to changes
Q72: Which of the following is used to
Q73: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" Refer to the
Q74: Shocks to the economy occur when<br>A) stock