You work in the Market Survey institute. After careful research ,you receive fourcharts.Read the following charts which show , the trendof consumer confidence, real hourlywages, employment and credit development. The years are given ,while the other numbers arenot presented. But the lines in the charts clearly show , the directions of development.
. Use the information in the charts to write a report (about 100- 120 words) analyzing thereason why the consumer confidence increases.. Write on your Answer Sheet.
Near the end of 1994, people suddenly become "rich'', buying a lot of things. We havereceived the report that the real hourly wages of workers become even less ,so they do nothave enough money to buy so many things. Although the employment is rising towards the endof 1994 ,the growth is very slow. Therefore ,not many people find jobs to earn enough moneyto buy goods. Then where does the big consumer confidence come from? We have discoveredthat people overspend with various credit cards ,buying goods. And they are not worried aboutreturning the borrowed money. This it is our turn to be concerned about this kind ofconsumer confidence.