Q. An example of negative productivity shocks that could cause recessions is (Solved)
1. A hurricane which destroys capital
2. A decrease in the price of oil
3. Reductions in defense spending
4. All of the above
- a. A hurricane which destroys capital
1. A hurricane which destroys capital
2. A decrease in the price of oil
3. Reductions in defense spending
4. All of the above