Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue

Exercise 10

THE BEIGE BOOK AND CURRENT CONSUMER SPENDING Go to the Federal Reserve Web site, federalreserve.gov , and select About the Fed and then Federal Reserve Districts and Banks. Find your Federal Reserve District. Next, return to the Fed home page and select Monetary Policy and then Beige Book. What is the Beige Book Locate the current Beige Book report and compare consumer spending for the entire U.S. economy with consumer spending in your Federal Reserve District. What are the economic strengths and weaknesses in both Are retailers reporting that recent sales have met their expectations What are their expectations for the future