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(50 points) Last week, Silicon Valley Bank imploded. Business confidence has dropped significantly as a result, especially among startups and most other small and medium
(50 points) Last week, Silicon Valley Bank imploded. Business confidence has dropped significantly as a result, especially among startups and most other small and medium size businesses that are worried they may not be able to get bank loans and that their customers will disappear. People in the tech sector (which contributes approximately 10% of US GDP) were already worried about their jobs because many tech companies (e.g., Meta, Amazon, Google, IBM, Salesforce, and Twitter) were already laying off workers prior to the implosion of SVB. Now, tech workers are even more worried and workers (and companies) in other industries are worried about the impact of the tech sector pullback on their industries. Model and explain the SR impacts and comment on relevant economic variables (below). Use Part A graphs above and label all new curves with the subscript "B
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