An unexpected exogenous event which has a significant impact on an important sector of the economy or on the economy as a whole is called a(n)
A) macroeconomic shock.
B) countercyclical fluctuation.
C) downward economic spiral.
D) autonomous destabilizer.
A
Economics
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How would an increase in the price of paper influence the market for college textbooks?
a. The supply of textbooks would increase causing the price of textbooks to fall. b. The supply of textbooks would increase causing the price of textbooks to rise. c. The supply of textbooks would decrease causing the price of textbooks to fall. d. The supply of textbooks would decrease causing the price of textbooks to rise.
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