Question
For this macroeconomic article I'm reading an is https://www.cnbc.com/2019/10/30/us-gdp-q3-2019-first-reading.html US GDP rose a better-than-expected 1.9% in the third quarter as consumers continued to spend which
For this macroeconomic article I'm reading an is
https://www.cnbc.com/2019/10/30/us-gdp-q3-2019-first-reading.html
"US GDP rose a better-than-expected 1.9% in the third quarter as consumers continued to spend" which is about the U.S GDP grew faster than expected in the third quarter, but slowed slightly as business investment continued to decline. The economic activity grew at an annualized rate of 1.9% in the third quarter, down slightly from the 2% pace in the second quarter. GDP is known as gross domestic spending. Which is basically the total market value for all goods and services.
Consumer spending is also referred to as the goods and services bought by the households in the satisfaction of their needs and wants. It is also known as personal consumption expenses and is the largest part of aggregate demand or effective demand.
I need help finding two possible solution to avoid inflation. Also need help with an Analysis about a theory that relates to this article.
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