Which of the following is characteristic of an economic downturn? People tend to spend more on luxury goods The level of
Posted: Fri May 20, 2022 7:09 am
Which of the following is characteristic of an economic
downturn?
People tend to spend more on luxury goods
The level of investment in the economy rises
Long-term credit is available at concessional rates of
interest
Consumption of necessary goods decline
The purchasing power of the population declines
downturn?
People tend to spend more on luxury goods
The level of investment in the economy rises
Long-term credit is available at concessional rates of
interest
Consumption of necessary goods decline
The purchasing power of the population declines