Because California is such a large state,fluctuations in the global or national economies have almost no effect on the state's economy.

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Even though California is a large state, fluctuations in global or national economies do have an effect on the state's economy. For example, the 2008 financial crisis had a significant impact on California's economy with high foreclosure rates and job layoffs. Similarly, the COVID-19 pandemic has caused unemployment rates to skyrocket in California as businesses shut down or reduce their operations.

Because California Is Such a Large State,fluctuations in the Global