Give an example of an event or incident that has taken place

Give an example of an event or incident that has taken place in the U.S economy which has a major ec… Show more Give an example of an event or incident that has taken place in the U.S economy which has a major economic impact be specific, e.g. 9/11 attack, natural disaster, rise or fall in oil prices and so forth. What effect would this event have on AD or AS other things being constant? What would be the resulting efffect of equilibrum price level? Explain. What will be the effect of the different tools of fiscal policy to stabilize the economy? Give examples of a built in stabilizer and explain how it would work to reduce this rise or in the level of AD • Show less

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