The role of consumption in the macroeconomy http://wwwcsmonitorcom/2008/1023/p01s01-usechtml As US s

The role of consumption in the macroeconomy

http://wwwcsmonitorcom/2008/1023/p01s01-usechtml

As US shoppers retreat, can world thrive?

Consumers were the biggest engine of global growth But
indebtedness prevents that now

By Peter Grier | Staff writer of The Christian Science Monitor

from the October 23, 2008 edition

In 500-600 words, please analyze the basis for the trends in
consumption patterns as discussed in the article In your analysis, consider
the utility derived from the products mentioned in the article, describe what
has occurred to change the demand for, or the supply of, the good or service,
and market prices of those products or services

If you use other articles and/or references (prefer US
articles & references), please provide me the link so I can reference the
info

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