What is the present status of consumer confidence
Expectations and consumer confidence are important in determining fluctuations in aggregate spending. In your opinion, what is the present status of consumer confidence? Do you think consumers are pessimistic or optimistic? Briefly discuss.
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The relationship between the output gap and the unemployment rate can be summarized as: when the output gap is negative, the unemployment rate is below the natural rate.
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Expectations and consumer confidence are important in determining fluctuations in aggregate spending. In your opinion, what is the present status of consumer confidence?
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