When an economy dips into a recession, consumers will often be relatively pessimistic about the future for
Question:
When an economy dips into a recession, consumers will often be relatively pessimistic about the future for an extended period of time. How will this pessimism affect the speed and strength of the recovery? Feel free to use the data of Exhibit 2 in your response to this question.
Data in Exhibit 2.
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Consumer pessimism can have a significant negative impact on the speed and strength of economic recovery When consumers are pessimistic they are more ...View the full answer
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Related Book For 
Macroeconomics Private And Public Choice
ISBN: 9780357134009
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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