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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