Article Summary Driven by consumer spending and a strong housing market, the U.5. economy grew by 2.3% in 2019, but that was down from the 2.9% growth in GDP in 2018 and below the 3% target set by the Trump administration. A strong job market also increased the the labor force participation rate to 63.2% by the end of 2019. Congressional Budget Ofce Director Phillip Swagel expects consumer spending to remain strong in 2020 and forecasts a rebound in business investment spending as well. Federal Reserve Chairman Jerome Powell also indicated the economy could see a boost in business investment based on the new trade pacts with China, Canada, and Mexico. Source: Scott Horsley, "U.S. Economic Growth Slowed In 2019 To 2.3% ,\" npr.org, January 30, 2020. Refer to the Article Summary. An increase in consumer spending, boosted by a strongjob market, helped lead to an increase in GDP in 2019. The increase in consumption resulting from the increase in disposable income will cause am) the aggregate expenditure curve. . O movement up along 0 downward Shift of O upwardhi of O movement down along