Economic forecasts
A. Drive economic policy for both the Fed and Congress.
B. Drive economic policy for the Fed but not for Congress.
C. Are basically inaccurate, so the Fed and Congress pay little attention to them.
D. Drive economic policy for Congress but not for the Fed.
Answer: A
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a. an increase in consumption and a decrease in GDP. b. an increase in consumption and an increase in GDP. c. a decrease in consumption and a decrease in GDP. d. a decrease in consumption and an increase in GDP.