What are Real Shocks?

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A real shock to an economy is an unexpected or unpredictable event and it can have either a positive or negative effect. Examples of real shocks include droughts, changes to the oil supply, hurricanes, wars, and technological changes.

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Awesome vid! Would be great to see something on AD AS, LM IS and AE

maxi
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The answer of the third question in the practicing questions is wrong. The incorrect statement should be D: the real shocks are always negative.

lovelychip