You may have heard it said that it is people’s duty to keep on spending, in order to keep the economy bustling and employment high. In fact, national leaders have been known to insis

Question 1

You may have heard it said that it is people’s duty to keep on spending, in order to keep the economy bustling and employment high. In fact, national leaders have been known to insist people to keep on buying things if it looks like the economy might be turning towards a recession. Explain the importance of consumer spending to the growth of the national economy