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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


Section a economic shocks  
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