Consumer spending
A)Is the smallest spending component.
B)Impacts the aggregate supply curve.
C)Is affected by consumer confidence.
D)Is the same as autonomous saving.

Name: Consumer spending A)Is the smallest spending component. B)Impacts the aggregate supply curve. C)Is affected by consumer confidence. D)Is the same as autonomous saving.
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Question

Quizplus · Accepted Answer

Consumer spending is significantly influenced by consumer confidence, as higher confidence levels typically lead to increased spending and vice versa.

Consumer Spending