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3. Wall Street to Main Street (20 points} a. How important is a well-functioning stock market to the economy? (Among other resources, see Chapter 18).
3. Wall Street to Main Street (20 points} a. How important is a well-functioning stock market to the economy? (Among other resources, see Chapter 18). Make sure to mention the impact on businesses' ability to obtain financial capital. Clearly explain and give examples. (4 points) b. What types of businesses have been experiencing a decline in their stock prices? List few and explain why. (4 points) c. What types of businesses have been experiencing an increase in their stock prices? List few and explain why. (4 points) d. What is a Financial Crisis? Do you think the US experience a financial crisis anytime during the pandemic? Why and why not? (4 points) e. What happens to the overall real economy ifa financial crisis persists? Make sure to address unemployment and real GDP growth. (4 points)
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