Papadimitriou, Dimitri B.; Hannsgen, Greg; Zezza, Gennaro - Levy Economics Institute - 2007
With economic growth having cooled to 0.7 percent in the first quarter of 2007, the economy can ill afford a slump in consumption by the American household. But it now appears that the household sector could finally give in to the pressures of rising gasoline prices, a weakening home market, and...