Study Notes
Demand and Supply-Side Economic Shocks
- Level:
- AS, A-Level
- Board:
- AQA, Edexcel, OCR, IB
Last updated 3 Jul 2018
Shocks are events that are by and large unexpected and bring out changes in real economic growth, inflation and unemployment. All countries are exposed to some degree to external economic shocks. There is evidence that lower and middle-income developing nations are more vulnerable partly because they have a less diversified economy with a narrow range of production and export industries.
You might also like

Aggregate Demand and Aggregate Supply Lesson Resource
22nd January 2016

Twin Peaks for the UK Economy
19th October 2014

Relevance of Keynesian Economics
17th October 2014

Which country has the biggest economy?
15th October 2014

Paul Ormerod: How sticky is unemployment?
23rd August 2013

Aggregate Demand Glossary
5th May 2012

Mnemonic Monday – Types of Unemployment
9th November 2009

Six Key Charts on the UK Economy
24th October 2014