According to the Bureau of Economic Analysis, the U.S. gross domestic product increased by 3.3% (4th qtr. 2023). By all accounts, an increased GDP suggests a thriving economy. Would you say that a positive GDP does or does not signal a strong overall economy? Explain one macroeconomic reason that supports your response and why? Discuss the implication of household spending on high ticket items (i.e. real estate) and banks' tightening standards on borrowing? Include and explain one economic indicator that suggests households should be cautious about savings and investments decisions in 2024 business cycle. (ref. NYT article "Banks Standards", 04-10-23). (ref. US Treasury report on housing/shelter costs & risks to the banking system)