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Explain What a Collateral Shock Is,and Provide an Example of How

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Essay

Explain what a collateral shock is,and provide an example of how it fills the role of a transmission mechanism.


Definitions:

Vocational Choice

The selection of a career or profession based on individual preferences, skills, and values.

Self-concept

An individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one's abilities, appearance, and more.

Career Theory

A framework that explains how individuals choose and advance in their careers.

Ideal Occupation

A profession or job that perfectly matches an individual's interests, skills, and values, often considered as a dream job.

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