Economics A-Level
Asymmetric economic shock
What Asymmetric economic shock means in Economics A-Level, as defined for AQA.
Definition of Asymmetric economic shock
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Reference: AQA
A shock affecting one country differently from others, which a member cannot absorb by adjusting interest rates or devaluing its currency.
Topics that use Asymmetric economic shock
- Exchange rate systems (AQA A-Level)
Related terms
- Appreciation
- Balance of payments
- Currency union
- Depreciation
- Fixed exchange rate systems
- Floating exchange rate systems
- Freely floating exchange rate system
- Hot money flows
Using Asymmetric economic shock in the exam
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