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Explain what you think the headline "U.S. consumer spending up 0.4 percent in January while income increased 0.3 percent" means. For paragraph b), explain how the NBC Learn clip concerning optimism and certainty affect aggregate demand and hence, consumer spending. Make sure you say how the aggregate demand curve would shift for both optimism and pessimism in the economy. For paragraph c), explain how a recessionary gap can be reduced based on what you learned from the video clip and is increased spending by consumers and the government warranted even if consumers income is less than their spending

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91995440

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