(a)[3]
Which evidence in the data shows that the economic situation in the US improved after December 2008?
(b)[5]
How far is there a regular link in the data between
- shifts in personal income and consumer spending [2]
- movements in overall prices and consumer spending? [3]
(c)[4]
Explain why a fall in spending might be expected to cause a fall in business investment.
(d)[8]
Do you agree that a rise in savings is usually ‘beneficial, but not when everyone does it at once’ (line 5)?