The economic impact of a hurricane disrupting supply chains and manufacturing plants would be classified as a shock. A shock refers to an unexpected event that significantly disrupts the economy, causing instantaneous changes in economic behavior and conditions.
A hurricane has recently disrupted supply chains and manufacturing plants in the Southeastern United States. How would this economic impact be classified?(1 point)
Responses
static effect
static effect
technological advancement
technological advancement
shock
shock
recession
1 answer