Determine if the scenarios are or are not examples of collateral shocks. Each label can be used more than once. A recession causes a local sandwich shop to go out of business. The sandwich shop going under leads to additional costs in the local economy, as there are workers laid off and less business for the sandwich shop's suppliers. Tyler recently took out a mortgage to purchase a house in Los Angeles. Over the last year, the price of his house has fallen, as there has been a general decline in real estate prices. Tyler is offered a highly lucrative job in his hometown of San Diego, but cannot take it--he cannot sell his house since he owes the bank more than the house's value, and it is too far to drive from Los Angeles to San Diego each day. Extravagant Transport Inc. owns a luxury speedboat business and is looking to move into providing luxury airplanes. A fall in demand for luxury goods, due to a recent recession, has meant that the speedboat side of their business is losing money for the first time. The company approaches ABC Bank for money to support moving into luxury airplanes, but they are refused the money because their company is financially in the red. Frederica bought a house for $150,000 three years ago. Three years later, the house is worth $230,000. Owing to the increased value of the home, ABC bank extends Frederica money to build the swimming pool she has always wanted. Answer Bank