One of the AD shifters identified in the chapter is Consumer Expectations. As a

Question

One of the AD shifters identified in the chapter is Consumer Expectations. As a consumer of the economy, think about your decisions to save and spend today and in the near future. Visit The Conference Board website at www.conference-board.org and review the consumer confidence index (CCI) as well as the Consumer Confidence Survey, which illustrates prevailing business conditions and expected developments in the coming months. Does your personal assessment and outlook of the economy line up with the US indicators outlined on the website? Discuss how changes in consumer attitudes and the CCI might affect consumer spending and the aggregate demand curve.

Explanation / Answer

--> yes! they actually are prety much around to my personal assessment.

the changes in consumer attitude makes a large difference in the economy.

the economy is controlled by consumers.

the consumer, the firms and the human resources together decide the demand curve.

now, the condition of CCI and atitude of theconsumer makes the real changes.

the demand curve rises when the prices go down but the vise versa.

thus, the relation is very close and substaintial.

answer!

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