Which of the Following Events Would Most Likely Be Considered

question 69

Multiple Choice

Which of the following events would most likely be considered a macroeconomic shock?

• A) A drought destroys 25% of the strawberry crop in British Columbia.
• B) Mismanagement results in a federal takeover of the largest credit union in Canada.
• C) OPEC unexpectedly announces a 40% reduction in oil production.
• D) The Bank of Canada decides to increase the overnight rate by 0.25% for the third time in 12 months.

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Definitions:

Ketamine

A medication primarily used for starting and maintaining anesthesia, also known for its effects on treating depression and acute pain.

Serotonin

Neurotransmitter involved in the regulation of mood and impulsive responses.

Ecstasy

A psychoactive drug known for its stimulant and hallucinogenic effects, commonly used recreationally.

Brain Damage

Physical harm to the brain that impairs its function, which can be caused by injury, disease, or a medical condition.