Suppose That Consumers Become Pessimistic About the Future Health of the Economy

question 160

Essay

Suppose that consumers become pessimistic about the future health of the economy. What will happen to aggregate demand and to output? What might the president and Congress have to do to keep output stable?

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Definitions:

Pretrial Publicity

Media coverage of a legal case before the trial has begun, which can influence public opinion and potentially the impartiality of the trial.

Bias Exposure

The act of encountering or being subjected to biases, which can shape attitudes, beliefs, or behaviors in a prejudiced way.

Change Of Venue

The legal act of moving a trial to a different location to ensure a fair hearing by an unbiased jury.

Death Qualification

The special jury selection process that occurs in capital cases with the purpose of excluding jurors who would not be able to weigh the evidence fairly because of their death penalty attitudes.