Exogenous Shock
In economic modeling, an exogenous shock refers to a change in one or more of the model's exogenous variables—those factors that are typically held constant. Common examples include shifts in supply or demand. The model itself does not explain the cause of the shock; rather, its purpose is to analyze the consequences of the shock on the model's equilibrium.
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Introduction to Microeconomics Course
CORE Econ
Introduction to Macroeconomics Course
Ch.3 Aggregate demand and the multiplier model - The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Macroeconomics @ CORE Econ
Ch.4 Inflation and unemployment - The Economy 2.0 Macroeconomics @ CORE Econ
Ch.5 Macroeconomic policy: Inflation and unemployment - The Economy 2.0 Macroeconomics @ CORE Econ
Ch.8 Supply and demand: Markets with many buyers and sellers - The Economy 2.0 Microeconomics @ CORE Econ
The Economy 2.0 Microeconomics @ CORE Econ
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