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Economies and households are constantly exposed to local or international events that affect the macroeconomy. These shocks can be temporary or permanent. Classify the following
Economies and households are constantly exposed to local or international events that affect the macroeconomy. These shocks can be temporary or permanent. Classify the following shocks as temporary or permanent and briefly explain your answer.
Technological change that resulted in high unemployment rate.
Federal bank change the cash rate.
Global pandemic that affect trade following an outbreak.
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