What are Real Shocks?

Title:
What are Real Shocks?
Description:

A real shock to an economy is an unexpected or unpredictable event and it can have either a positive or negative effect. Examples of real shocks include droughts, changes to the oil supply, hurricanes, wars, and technological changes.

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Video Language:
English
Team:
Marginal Revolution University
Project:
Dictionary of Economics
Duration:
02:12
http://www.youtube.com/watch?v=gzejKUo8nxY
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Added   by Marilia_PM
Format: Youtube
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