Question

cnn.com runs a story reporting that the consumer confidence index has risen. having taken an economics class, you predict that spending in the economy will ________. at the same time, aggregate demand will ________.

Answer 1

As a result of Consumer Confidence Index rising, spending in the economy will increase and aggregate demand will rise.

Consumer Confidence Index (CCI) refers to how optimistic people are about their finances. When the CCI is high:

• People are more confident in their finances and the ability to make income in future
• People will spend more in the economy because they are more confident in their income
• Aggregate demand will rise as more people demand goods and services

If the CNN is correct in reporting that the CCI is rising, we can expect that spending in the economy will rise and so will aggregate demand.

In conclusion, spending in the economy will increase and aggregate demand will rise.

Find out more at brainly.com/question/9930012.