Question: From an economic perspective, a macro externality occurs when transaction fraud becomes a normal acceptance to consumers. Describe a macro externality that directly relates to
From an economic perspective, a macro externality occurs when transaction fraud becomes a normal acceptance to consumers. Describe a macro externality that directly relates to transaction fraud and the domino effect on the AD curve in response to such occurrences. Include an example to support your response. (ref. pg. 614 - 615). (ref. WSJ report on "Banks & scammers on Facebook..., March 2024) Include references
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