Detailed text transcripts for TV channel - MSNBC - 20110416:14:56:00
Retail sales in march for up for core categories, up about 0.4%. consumers were spending more on apparel, home furnishings and tricks. even though consumers say they'll be more frugal as they become frustrated at the pri priceality the pump, we haven't seen that happen. >> prices set to rise for beef, chocolate, other consumable goods. how does this overall affect consumer spending? >> what we find is that economists look at something called the sacrifice ratio. that is the relationship between inflation and the gross domestic product. so as you see, inflation increase, if you try to reign tha...
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