For each of the following events, identify whether it represents systematic risk or idiosyncratic risk. a. Your favorite restaurant is closed by the county health department (Click to select) Systematic risk Idiosyncratic risk gh inflation leads to a reduction in consumer spending in many developed nations. 54 b. Unexpectedly high inflation leads to a reduction in consumer spending in many developed nations. v (Click to select), Idiosyncratic risk Systematic risk in Florida destroys the orange crop. IAR c. Freezing weather in Florida destroys the orange crop. v (Click to select) Idiosyncratic risk Systematic risk e gulf coast damages dozens of homes and businesses. Cliol d. A hurricane on the gulf coast damages dozens of homes and businesses. (Click to select) Systematic risk Idiosyncratic risk