Describe the Different Types of Internal Shocks to an Economy

question 20

Essay

Describe the different types of internal shocks to an economy.

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Definitions:

Scatterplot

A graph that depicts the correlation between two quantitative variables by displaying data points on a Cartesian plane.

Linear Model

A mathematical representation that describes the relationship between one or more independent variables and a dependent variable.

Diameters

A straight line passing from side to side through the center of a body or figure, especially a circle or sphere, representing the longest distance across it.

Weekly Salaries

The amount of money or compensation given to an employee for one week of work.