On october 19 1987 the dow jones industrial average dropped


On October 19, 1987, the Dow Jones industrial average dropped about 500 points or a little more than 23%. What effect should a decline in stock values of this magnitude have had on aggregate demand according to the life-cycle theory of consumption?

Request for Solution File

Ask an Expert for Answer!!
Business Economics: On october 19 1987 the dow jones industrial average dropped
Reference No:- TGS01351828

Expected delivery within 24 Hours