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Why is strong consumer confidence important to an economy?

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2 votes

Answer:

It also measures how confident people feel about their income's stability. Their confidence impacts their economic decisions—like their spending activity. As a result, consumer confidence is a key indicator for the overall shape of the economy. Consumer confidence usually increases when the economy expands.

Step-by-step explanation:

answered
User Nrzonline
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Answer:

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Step-by-step explanation:

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User Margaret Bloom
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