How does Halloween impact the national economy? Use theories we have studied in class ( "Macroeconomics"...
How does Halloween impact the national economy? Use theories we have studied in class ( "Macroeconomics" Charles I. Jones, 4th ed. - Ch 8-11) to explain your answer.
Homework Answers
Halloween is a traditional festival observed in various countries as a ritual to ward off ghosts.
It is a time of big celebration across all the countries and since it is a holiday time, people spend a lot of money on celebrations, decorations and parties.
There are get togethers, theme parties and dress ups and thus people end up spending a lot of money during this time.
This boosts the economy as consumer spending increases during this time.
As per the 2008 statistics, consumer spending during Halloween week went up to $9 billion, which is a big plus for the economy.
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How does Halloween impact the national economy? Use theories we
have studied in class ( "Macroeconomics"...
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