ECON 4 SECTION 1 : MACRO ECONOMIC INDICATORS RESEARCH TASK
DEMAND AND SUPPLY SIDE SHOCKS 1. What is an Economic Shock ?
2. What is the difference between External and Domestic Economic Shocks ?
3. Give examples of both Demand and Supply side shocks. Use recent current shocks in your answers . DEMAND SIDE SHOCK EXAMPLES
SUPPLY SIDE SHOCKS
4. Demand Side Shock : Recession in the USA . How could a recession in the USA affect the UK Economy ?
5. Draw an AS and AD diagram to illustrate this impact
6. Supply Side Shock : A World Rise in Oil Prices
How could an illustrate this
increase in world oil prices affect the UK. Use a diagram to