General Sources of Shocks That Can Cause Business Cycles Include

question 99

Multiple Choice

General sources of shocks that can cause business cycles include the following, except

• A) irregular occurrence of innovations and productivity changes.
• B) monetary factors and financial instability.
• C) unemployment jumps and production drops.
• D) political events, either domestic or global.

---

Definitions:

Online Retailers

Companies that operate on the internet and sell goods or services directly to consumers, without a physical storefront.

Pure Competition

A market structure characterized by a large number of firms selling identical products, making it easy for entry and exit, and ensuring no single firm can influence market prices.

Many Sellers

A market condition characterized by the presence of numerous vendors, promoting competition and providing a wide range of options for consumers.

Similar Product

A product that serves the same purpose or functions in a similar manner to another product, often considered to be a competitor.