Multiple Choice
Which of the following events would most likely be considered a macroeconomic shock?
A) A drought destroys 25% of the strawberry crop in British Columbia.
B) Mismanagement results in a federal takeover of the largest credit union in Canada.
C) OPEC unexpectedly announces a 40% reduction in oil production.
D) The Bank of Canada decides to increase the overnight rate by 0.25% for the third time in 12 months.
Correct Answer:
Verified
Correct Answer:
Verified
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