Problem
The index of consumer expectations dropped much more sharply before the brief and mild 1980 recession than it did before the much more severe and prolonged 1981-2 recession. The same pattern also occurred for the ISM/NAPM index of manufacturing activity. What other factors accounted for this anomaly? How would you take these into account when assessing the next reported drop in these indexes?
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.