Describe how your expectations about the economy have changed because of Covid-19. How did you alter your spending patterns during this pandemic? Do you expect consumer confidence and business expectations to improve in the months ahead?
As you have learned consumer expectations are a major driver of the short run path of the economy. Consumer spending account fors about 70% of GDP and consumer confidence is a major factor in shifting Aggregate Demand. Describe how your expectations about the economy have changed because of Covid-19. How did you alter your spending […]