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In: Economics

Do you think that voters care more about whether the NBER says the economy is in...

Do you think that voters care more about whether the NBER says the economy is in a state of recession or whether they and their friends are employed in good jobs? Why do politicians make a big deal over whether the economy is "officially" in a recession or an expansion? Consider this, is it hard for the average voter to tell what is going on in the economy outside his or her community, leaving the voter dependent on simple labels of what is happening elsewhere in the economy?

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Expert Solution

Rahul Sunny answered 2 years ago
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