An Unanticipated Economic Event Is a Change That

question 184

Multiple Choice

An unanticipated economic event is a change that

• A)catches most people by surprise.
• B)was foreseen by most economic participants.
• C)is the result of a steady long-term trend in an economic variable.
• D)was forecast by most economists.

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Definitions:

Pressure

The force applied perpendicular to the surface of an object per unit area over which that force is distributed. In a broader sense, it may also refer to psychological stress or urgency.

Change

The process or act of making or becoming different, applicable to wide-ranging contexts from personal growth to global transformations.

Frustration

A feeling of irritation or annoyance due to being unable to achieve one’s goals or overcome obstacles.

Positive Emotions

Feelings that are generally enjoyable or desirable, such as happiness, joy, love, and excitement.