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Economic shock |
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Economic shockEvents that impact the economy, come from outside it, and are unexpected and upredictable (e.g., Hurricane Andrew in 1991, the rise in oil prices by OPEC).Economic shock Similar MatchesMicroeconomicsMicroeconomicsThe study of economic statistics at the level of the household or the company. In contrast, macroeconomic focuses on economics at the country level. Economic defeasanceEconomic defeasanceSee: In-substance defeasance Keynesian economicsKeynesian economicsAn economic theory of British economist, John Maynard Keynes that active government intervention is necessary to ensure economic growth and stability. Economic contractionEconomic contractionThe downward phase of the business cycle, in which GDP is falling and unemployment is rising over time. EconomicsEconomicsThe study of the economy. See also: Macroeconomics; microeconomics; Keynesian economics, monetarism, and supply-side economics. Further SuggestionsNeoclassical economicsEconomic assumptions economics Economic growth Economic development Closer Economic Relations European Economic Community Economic indicator Economic rent Economic exposure Economic rate of return International monetary economics International macroeconomics Noneconomic objectives argument for protection Chinese Economic Area Asia Pacific Economic Cooperation Pact (APEC) Economic growth rate First theorem of welfare economics Economic sanction Economic union economic value added Economic income Economic indicators Second theorem of welfare economics Macroeconomic |
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