The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2

-The U.S. bond rating was devalued from AAA to AA+ in 2011 due to the rise in government debt.

Question

The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2
 
-The U.S. bond rating was devalued from AAA to AA+ in 2011 due to the rise in government debt.

Quizplus · Accepted Answer

In 2011, Standard & Poor's downgraded the United States' credit rating from AAA to AA+ for the first time, citing concerns about the rising government debt and the lack of a credible plan to address it.

The Figure Given Below Shows the Demand [D and D']