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Which of the following statements least likely represents a scenario from an exogenous shock? A. Political unrest in the Middle East leading to an unexpected decrease in oil production, increased oil prices, decreased consumer spending, increased unemployment, and a slowed economy. B. A country defaults on its debt payments, thereby causing the country’s currency to lose value and forcing the central bank to take measures to stabilize the banking system and the economy. C. OPEC not being able to agree on production levels leading to increased uncertainty in global markets and increased oil prices. |