Problem
According to the Wall Street Journal (March 31, 2010), the Conference Board's gauge of consumer confidence increased by around 100% between February 2009 and February 2010 in the United States. Use the New Keynesian model to describe the effects on output and inflation depending on whether the surge in consumer's confidence was anticipated or unanticipated.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.