Problem
A. In the twenty-first century, Paul Volcker is greatly respected, yet during the early 1980s, he was one of the most disliked people in America. Why was Paul Volcker so disliked in the early 1980s? Why do you think so many people changed their opinion of him?
B. Augustus Heinze tried to corner the market for shares of United Copper. What does this mean? How did it help to trigger the Panic of 1907?
C. Explain the difference between movement down or along the aggregate demand curve and shifting out of the aggregate demand curve. Give historical examples of the movement down or along and shifting out of the aggregate demand curve.