Demand shock/Definition: Difference between revisions

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An  [[exogenous]] change  in the demand for domestically-produced goods and services  - such as could result from a sharp fall in world trade.
A sudden change  in the demand for domestically-produced goods and services  - such as could result from a tax increase or a  fall in world trade.

Latest revision as of 03:31, 11 August 2010

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Demand shock [r]: A sudden change in the demand for domestically-produced goods and services - such as could result from a tax increase or a fall in world trade.