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johnpaul92 johnpaul92
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8 years ago
The stock market just crashed; the Dow Jones Industrial Average fell by 750 points. You would expect the effect on aggregate consumption to be the largest if which of the following facts was true?
A) Most stocks were owned by pension funds that invested in the market.
B) The crash had been preceded by a large run-up in the price of stocks.
C) Many individuals had invested in the stock market immediately prior to the crash.
D) Most stocks were owned by insurance companies.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
This is incredible, wasn't expecting anyone to answer this one
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