4. When an economy dips into a recession, consumers will often be relatively pessimistic about the future
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4. 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.
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Related Book For 
Macroeconomics Private And Public Choice
ISBN: 9781111970628
14th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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