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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
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
Answered By
Mehwish Aziz
What I have learnt in my 8 years experience of tutoring is that you really need to have a friendly relationship with your students so they can come to you with their queries without any hesitation. I am quite hardworking and I have strong work ethics. Since I had never been one of those who always top in the class and always get A* no matter what, I can understand the fear of failure and can relate with my students at so many levels. I had always been one of those who had to work really hard to get decent grades. I am forever grateful to some of the amazing teachers that I have had who made learning one, and owing to whom I was able to get some extraordinary grades and get into one of the most prestigious universities of the country. Inspired by those same teachers, I am to be like one of them - who never gives up on her students and always believe in them!
5.00+
3+ Reviews
10+ Question Solved
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
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Wallace and Brace CPA assign a partner to screen and recommend (or decline) potential clients prior to acceptance. Discuss at least 4 specific issues which should have been considered prior to...
-
This role play will be about an interview with the client mentioned in the case scenario. Word limit will be around 500 words. Please make sure to cover the following points. In your role playas, you...
-
Lowell Inc. projects unit sales for a new project with a life of FOUR YEARS as follows: year 1 = Unit sales 10,000 Year 2 = Unit sales 12,000 Year 3 = Unit sales 14,000 Year 4 = Unit sales 16,000...
-
Explode the context-level diagram in Problem 6 showing all the major processes. Call this Diagram 0. It should be a logical data flow diagram.
-
Assume that you own 600 shares of common stock of a company, that you have been receiving cash dividends of $6 per share per year, and that the company has a 4-for-3 stock split. Required: a. How...
-
What are the three ways managers override internal controls? How can a forensic accountant overcome managers overriding internal controls?
-
Following are transactions and events of the General Fund of the City of Springfield for the fiscal year ended December 31, 2012. 1. Estimated revenues (legally budgeted) Property taxes .........
-
The last dividend of Delta, Inc. was $10.92, the growth rate of dividends is expected to be 4.93 percent, and the required rate of return on this stock is 8.55 percent. What is the stock price...
-
What is the difference between an anticipated and an unanticipated increase in aggregate demand? Provide an example of each. Which is more likely to result in a temporary spurt in the growth of real...
-
Indicate how each of the following would influence U.S. aggregate supply in the short run: a. An increase in real wage rates. b. A severe freeze that destroys half the orange trees in Florida. c. An...
-
An IT system uses two types of software: system software and application software. Explain the difference between these two types of software.
-
Hydroiodic acid (HI) is a strongacid. a. Write the balanced acid-base equilibrium forhydroiodic acid reacting in water. b. Calculate the pH and pOH in an aqueous solution thatis 0.95 M in HI at 25C....
-
What are the views of this colonial American to the Stamp Act? What does it mean to institutionalize something? How were women viewed in colonial North America? Was colonial America truly a land of...
-
what ways can a company leverage its intellectual property to create a competitive advantage in a saturated market ?
-
Discuss how multinational corporations leverage global networks to streamline their supply chain logistics .
-
You have been engaged to perform a review of the historical financial statements of Paper ( Proprietary ) Limited. The company is not legally required to have its annual financial statements...
-
In Example 4f, we showed that the covariance of the multinomial random variables Ni and Nj is equal to mPiPj by expressing Ni and Nj as the sum of indicator variables. We could also have obtained...
-
The pendulum consists of two rods: AB is pin supported at A and swings only in the y-z plane, whereas a bearing at B allows the attached rod BD to spin about rod AB. At a given instant, the rods have...
-
To the right are hypothetical production possibilities tables for New Zealand and Spain. Each country can produce apples and plums. Plot the production possibilities data for each of the two...
-
To the right are hypothetical production possibilities tables for New Zealand and Spain. Each country can produce apples and plums. Plot the production possibilities data for each of the two...
-
Refer to Figure. Assume that the graph depicts the U.S. domestic market for corn. Equilibrium price and quantity How many bushels of corn, if any, will the United States export or import at a world...
-
An advertiser negotiated and placed a ROS in the programs below. The media buyer gave the rotator the average rating of all 3 programs and 6 commercial units were placed. How many makegood points...
-
1. The increasing number of marketing messages we are exposed to daily is becoming recognized as ________ and maybe considered damaging and hazardous in some cases. saturated marketing societal...
-
A firm produces leather handbags and leather shoes. If there are economies of scope, the product transformation curve between handbags and shoes will be: A a straight line. B bowed outward ( concave...
Study smarter with the SolutionInn App