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  • 18-10-2020
  • Business
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Explain why during a recession the level of consumer spending will fall. [6] - economics

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aqurisda
aqurisda aqurisda
  • 18-10-2020

Answer:

During recessions, of course, consumers set stricter priorities and reduce their spending. As sales start to drop, businesses typically cut costs, reduce prices, and postpone new investments.

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