Posts Tagged ‘University of Michigan’

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    Animal Spirits and Gas Prices

    May 24, 11 • 107 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Economic Thinkers, Government, Households, Labor, Macroeconomic MeasurementNo Comments

    Is a 9-cent drop enough to ignite our “animal spirits?” The 9-cent decrease refers to the average national price of a gallon of regular gasoline. And “animal spirits” is the optimism that leads to more buying and investing. During the...