Q1. (Stagflation) Illustrate some of the causes of the stagflation of the year 1973 and 1979? In what ways were such episodes of stagflation distinct from the great depression of the year 1930s?
Q2. Terrorist attacks foster instability and might influence productivity over the short and long term. Do you think the September 11, 2001, terrorist attacks on the World Trade Center and the Pentagon influenced short or long-term productivity in the United States? Describe your answer and show any movements in PPF.