The Term "Shock

question 93

Multiple Choice

The term "shock"

• A) always refers to an unexpectedly bad event.
• B) always refers to an increase in inflation.
• C) does not tell us whether what has happened is unexpectedly bad or unexpectedly good.
• D) always refers to a decrease in real GDP and an increase in unemployment.

---

Definitions:

Easy-To-Understand

Describes information or content that is accessible and comprehensible to a wide audience, often simplifying complex concepts.

Easy-To-Enforce

Policies, rules, or agreements that are straightforward to implement and ensure compliance due to their clarity and effectiveness.

Sustainable Business Practices

Business actions that take into consideration environmental, social, and economic impacts to ensure long-term viability and integrity.

Greenhouse Gas Emissions

Emissions of gases, such as carbon dioxide and methane, that trap heat in Earth's atmosphere, leading to global warming and climate change.