1.The ractchet effect of conumption is a response to economic decline. Americans slowly decreased there disposable income and then they had to adapt to the economic decline. As stated people didnt decrease there conumption. They kept buying. Consumers kept durable items longer such as computers. To help the economy though, they still replaced them. This was a factor of the ratchet effect or increase in consumption. With this, labor wages increase during an increase in the economy. U.S. News & World Report, April 23, 2001
             2. Economic impact of on September 11, 2001 in New York affected the airline industry a lot. The attacks intensified the recession in the economy. The airline industry laid off 100,000 workers. Now the job market in the airline industry has decreased and slowly the airline companys are going out of business. People are scared of taking planes due to the attacks and future attacks. This one factor impacted the economy after September 11, 2001. New York Times , September 27, 2001
             5. Higher education has a lot of benefits. One benefit to higher education is driving higher luxury cars. It shows that 71% of people who graduated college drive mercedes benz and 69% of the graduates drive Lexus and BMW. A college degree coincidently makes more money and therefore they can drive better and more expenseive cars. The younger people drive acuras, while older people drive cadillacs. Newsweek, May 28, 2001
             13. The residential houses are the best source of accumulating personal wealth. Houses cost so much, and personal wealth defines how much they can afford. In some parts of the US the demand for houses are so great that the buyers have to pay for then the asking price. 7 million people buy a house in america. Consumers conjoinly contribue more then 1.2 trillion dollars in unrealized equity. Newsweek, August 9, 1999
             11. Starting salaries of new college are said to increase from last year. If your in the field of computer
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