An article in the New York Times in early 2009 stated that even though The the U.S.

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An article in the New York Times in early 2009 stated that even though The  the U.S. economy was in a recession, and movie ticket sales had increased by 17.5 percent. In contrast, during 2020, ticket sales declined by 82 percent. What explains the difference between movie ticket sales during the two years? Doesn’t a decline in aggregate demand result in lower sales of all goods and services? Briefly explain.

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Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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