ECON 1007 MACROECONOMIC 36. READ the news article: https://www.abc.net.au/news/2022-11-08/consumer-confidence-plunges-below-gfc-lows-christmas-scrooge/101628696 The ABC news corporation in november 2022 reports
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ECON 1007 MACROECONOMIC
36.
READ the news article: https://www.abc.net.au/news/2022-11-08/consumer-confidence-plunges-below-gfc-lows-christmas-scrooge/101628696
The ABC news corporation in november 2022 reports that consumer confidence in Australia has plunged below the levels seen during the global financial crisis, causing a record number of household to slash their christmas spending plans. According to the ariticle, what are the main causes of loss in consumer confidence? use the static aggregate demand and aggregate supply model to show what happens in both the long run and the short run when there is a decline in consumer confidence.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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