How can an event such as the terrorist attacks of September 2001 affect consumer and business confidence and the economy?
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Terrorist attacks foster inability and may affect productivity over the short and long-term. Do you think the september 11, 2001, terrorist attacks on the World Trade Center and the Pentagon affected short-and/or long-term productivity in the United States? Explain your response and show any movements in the PPF.
A shift from Short Run Aggregate Supply (SRAS) 1 to Short Run Aggregate Supply (SRAS 2) could have been caused by all of the following except which one?
It is customary for the News media to report about consumer confidence and investor confidence while discussing the national economy. How do you think the confidence of the economic agents affect the economy? From personal or work experience, state factors that could cause increase in consumer spending and investor investment. Do consumer and investor confidence trend reports affect your spending pattern? Explain