Growth in U.S. consumer debt outstanding and major categories of consumer spendings

Mustafa, Muhammad; Rahman, Matiur
June 1999
American Business Review;Jun99, Vol. 17 Issue 2, p11
Academic Journal
Analyzes the macroeconomic implications of the long run equilibrium relationship in outstanding consumer debt and spending in the United States. Influence of consumer spending on the national income; Increase in consumer debt due to spending resulting to a stronger economy; Growth in real consumer debt as an indicator of business cycle downturn.


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