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But the price shock was too short.
An import price shock generates a significant decline in productivity.
Price shock has also accompanied trips to the supermarket.
The battered company attributed the losses — which were even greater than it anticipated — to price shock.
The failure of the commodity price shock to filter into wider inflation?
Then Arabs started coming here after the oil price shock of 1974.
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The right-hand chart shows how policy responded after the 1973-74 oil-price shock.
How much of a stimulus will this oil-price shock provide?
In other words this is a permanent relative-price shock, not a temporary one.
"Consumers were in the best position to absorb the high-price shock".
(I think back to the North Sea oil-price shock that affected Britain during the early nineteen-eighties).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com