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Demand Shocks Are the Expected Changes in the Demand for Goods

question 13

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Demand shocks are the expected changes in the demand for goods and services.


Definitions:

Vulnerability

The susceptibility of a system, entity, or individual to harm or damage when exposed to a hazardous agent or situation.

Infectious Diseases

Illnesses caused by organisms such as bacteria, viruses, fungi, or parasites, that can be spread, directly or indirectly, from one person to another.

European Colonization

The period from the 15th to the 20th century when several European powers established colonies in Asia, Africa, and the Americas, exerting control and influencing local populations.

Americas

The landmasses comprising North, South, and Central America along with the Caribbean, representing one of the world's continents.

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