Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Connect with a community of experts ready to help you find solutions to your questions quickly and accurately. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

How does consumer spending affect economic growth

Sagot :

Answer: Even a small downturn in consumer spending damages the economy. As it drops off, economic growth slows. Prices drop, creating deflation. If slow consumer spending continues, the economy contracts.

Explanation:

Answer:

Even a small downturn in a consumer spending damages the economy. As it drops off, economic growth slows. Prices drop, creating deflation. If slow consumer spending continues, the economy contracts.

Explanation: