A measure of how optimistic consumers are about the overall state of the economy and their own personal finances is referred to as
A)purchasing confidence.
B)consumer confidence.
C)consumer expectations.
D)purchasing power.
E)market confidencE.

Question

Quizplus · Accepted Answer

Consumer confidence refers to the level of optimism or pessimism among consumers regarding the overall state of the economy and their personal financial situation. It is a measure of how likely consumers are to spend money, which in turn impacts economic growth. A higher level of consumer confidence usually translates to increased spending and economic activity.

A Measure of How Optimistic Consumers Are About the Overall