Q1. Assume that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country. If policymakers do nothing, illustrate what will happen to aggregate demand? Illustrate what should the Fed do if it wants to stabilize aggregate demand? If the Fed does nothing, illustrate what might Congress do to stabilize aggregate demand?
Q2. The United State export a substantial amount of scrap I Jorge and steel to Japan and another country. Why do some U.S users of scrap I Jorge and steel support a prohibition on these exports?