In the classic old business cycle, there would be a diminution in sales; it would take a little while for this information to reach corporate headquarters.
Public opinion is presumptively an input to policy formation in a democracy because politicians respond to it or at least are believed to respond [to it].
There is a kind of a cascading chain, … If one can’t sell, then that business doesn’t buy and that means the next business doesn’t sell, and the previous business doesn’t sell, and so on.
![Alan Blinder Quote - Public opinion is presumptively an input to policy formation in a democracy because politicians respond to it or at least are believed to respond [to it].](https://minimalistquotes.com/wp-content/uploads/2022/08/public-opinion-is-presumptively-an-input-to-policy-683x1024.jpg)
