Which economic factor is most influencial?
yes, consumer confidence has made keynesian model collapsed more sticky price , wage. in europe, don't go stimulus package immediately,because people panicked. because government has no financial discipline, consumers not spend money anyway. multiplier effect dull. has go discipline,means austerity, first.
okay remember learning in economics class consumer confidence, government spending, , exports stimulate economy , taxes , imports slow down economy... correct?
remember consumer confidence playing biggest role or wrong?
thanks
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