This blog contains posts and comments written by students in Dr. Tufte's economics classes at Southern Utah University.
9/13/2005
Consumer Spending
As gas prices increase and in wake of the destruction of hurricane Katrina many experts have predicted consumer spending to be down for the upcoming holiday season. http://www.msnbc.msn.com/id/3683270/ . In turn the merchandise may increase somewhat to cover the shipping cost, which has increased to cover the gas increase. Even though nothing is for sure of what the post-hurricane Katrina status will be like it's likely to say this holiday season we will either have to spend more or buy less materials.
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3 comments:
-1 on Mia's post for a poorly formatted link.
Buying gas is a form of consumer spending, so I have trouble seeing how it can go down.
What will go down is things like department store sales and profits.
Dr. Tufte made a point that I agree with many people gave extra money to the victims in stead of buying luxury goods. Which made spending go down.
-1 on Carter for a spelling error.
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