(a)[3]
What evidence in the data shows that the economic situation in the US improved after December 2008?
(b)[5]
To what extent is there a consistent link in the data between
- shifts in personal income and consumer spending [3]
- shifts in overall prices and consumer spending [2]
(c)[4]
Explain why a decrease in spending might be expected to lead to a drop in business investment.
(d)[8]
Do you agree that a rise in savings is usually ‘a good thing, but not when everyone does it at the same time’ (line 5)?