Asked • 04/25/19

What is a supply side shock in macroeconomics?

I was hoping someone could clarify what exactly is meant when someone refers to a country as having undergone a 'supply-side shock' and generally speaking when one is evaluating the health or growth of an economy, what is meant by the supply side of the economy vs. the demand side of it? Which components of GDP are considered as which? Despite a lot of googling, it has been pretty difficult to find answers to this as most results are either in a micro-context or fail to provide examples of these things as well as their consequences.

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