Spending by the consumer sector is the driving force in the US economic system. Although the business and government sectors make a considerable contribution to the success of the economy, it is the spending by the consumer or household sector of the economy that determines prosperity or recession in the economy.
Do you agree or disagree with this argument?
Why or why not?
How has the spending behavior of the government sector changed over the past decade, and what effect had these changes had on the economy?
Justify your answers
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