Which of the Following Could NOT Be Described as an Asymmetric

question 53

Multiple Choice

Which of the following could NOT be described as an asymmetric macroeconomic shock?

• A) A hurricane that disrupts economic activity in one country only.
• B) An epidemic of an animal disease in a country that significantly reduces the country's agricultural output.
• C) A sudden and substantial rise in prices on the world oil market.
• D) A sudden and substantial fall in the worldwide demand for French wine.

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Definitions:

National Bank System

A network of banks chartered by the federal government in the United States, established to create a stable, national currency and improve the government's control over the economy.

Modern War

Warfare characterized by the use of current technology and tactics, involving nations or groups, and often including cyber warfare and advanced weapons systems.

Industrial Technology

The application of engineering and manufacturing technology to make production faster, simpler, and more efficient.