Stages of the Business Cycle Quick Check

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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

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.