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Gelneren [198K]
3 years ago
11

In September 2008, the stock market fell sharply and continued to perform poorly due to the financial crisis. How did this chang

e impact GDP in the economy?
Business
1 answer:
GenaCL600 [577]3 years ago
6 0

Answer:

Many people's wealth is held in stocks and as the price of stocks collapsed, they lost wealth.

Imagine that this happened to you. One day you are rich and that affects your spending habits. In a matter of few days or weeks, you lose a large portion of your wealth. So now, you are less rich or even poor. So your spending habits will be altered, i.e. you will spend less.

If you consider the economy as a whole, aggregate demand will fall, resulting in a decrease of aggregate supply, and an overall decrease of the GDP.

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4 0
2 years ago
______________ specifies sales revenues and selling distribution and marketing costs.
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3 0
3 years ago
Extrinsic motivation is defined as ________. the pursuit of an activity for external reward the pursuit of an activity for its o
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6 0
3 years ago
Tript Corporation has a process costing system and uses the weighted-average method. The company had 3,000 units in work in proc
Alekssandra [29.7K]

Answer:

11,600 units

Explanation:

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ArbitrLikvidat [17]

Answer:

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