Americans Spent More In August Than In Past Five Months, Boosted By Auto Sales, Appliances

This article is closed related with what I have learned in the class. It talks about how the growth¬†in people’s income influences people’s demand for goods. As people earns more in August, they are willing to spend more money on purchasing durable goods like washing machines and cars. Like what our textbook states “when people get richer, they buy more staffs.” and cars and washing machines are normal goods. So as an increase in income, the demand for cars and washing machines will also increase.

http://www.ibtimes.com/americans-spent-more-august-past-five-months-boosted-auto-sales-appliances-1696425

 

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