The economic impact of a hurricane disrupting supply chains and manufacturing plants would be classified as a shock. This term refers to an unexpected event that significantly affects the economy, typically leading to disruptions in production and supply.
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Question
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
recession
recession
technological advancement
technological advancement
static effect
static effect
shock
1 answer