Answered

IDNLearn.com: Your trusted source for finding accurate and reliable answers. Our community is here to provide detailed and trustworthy answers to any questions you may have.

TIME REMAINING: 57:50

The business cycle can be affected by major events, such as the terrorist attack on the World Trade Center on September 11, 2001.

Please select the best answer from the choices provided:
A. True
B. False

Sagot :

GinnyAnsweridn

Final answer:

The 9/11 attacks affected the business cycle by worsening an ongoing recession, leading to deeper economic woes.


Explanation:

The terrorist attacks on the World Trade Center on September 11, 2001, had a significant impact on the business cycle and played a role in deepening a recession that had begun in March 2001. The attacks led to the shutdown of transportation and financial markets, exacerbating the economic downturn. The National Bureau of Economic Research (NBER) Business Cycle Dating Committee stated that the attacks contributed to the recession by intensifying the economic contraction.


Learn more about Impact of 9/11 on the business cycle here:

https://brainly.com/question/33039862


Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com is committed to providing accurate answers. Thanks for stopping by, and see you next time for more solutions.