Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consumer confidence is an ecoomic index and is the primary driver of demand in the U.S. economy. If consumers are uncertain about the future, consumers
Consumer confidence is an ecoomic index and is the primary driver of demand in the U.S. economy. If consumers are uncertain about the future, consumers will buy less. That slows economic growth. When trust in the future is high, consumers are more willing to shop. That increases consumer speding, which is almost 70% of U.S. GDP
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started