As you have learned consumer expectationsLinks to an external site. are a major driver of the short run path of the economy.  Consumer spending accounts for about 68% of GDP and consumer sentimentLinks to an external site. is a major factor in shifting Aggregate Demand. Do you expect consumer confidence and business expectations to improve in the months ahead?   Utilizing the equation GDP= C+I+G+ (X-M) from Chapter 6 what is your forecast for the way the AD curve will shift between now and the end of 2023? Explain.  Do you anticipate a recession between now and the end of 2023?

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