Answered: Shocks to the economy occur: whenever…

Shocks to the economy occur: whenever the price level changes. whenever government implements fiscal or monetary policy. when expectations are unmet. because most economic behavior is unpredictable.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Explain all option plz......you will not explain all option then I will give you down upvote... Shocks to the economy occur: whenever the price level changes. whenever government implements fiscal or monetary policy. when expectations are unmet. because most economic behavior is unpredictable.

Shocks to the economy occur:
whenever the price level changes.
whenever government implements fiscal or monetary policy.
when expectations are unmet.
because most economic behavior is unpredictable.

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