We have learned the basic consumption process and the steps in the consumer decision making process. We have learned that consumers’ research decisions and the decision making approaches can be classified into three categories and have a direct relationship to risk and involvement. Develop a paper covering each of the decision making approaches and the relationship to involvement and risk. Provide an example for each of the approaches.

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.