INCREASED UNEMPLOYMENT CAN REDUCE CONSUMER DEMAND FOR GOODS AND SE...

84. - TEST BANK FOR BUSINESS A CHANGING WORLD 5TH CANADIAN EDITION BY FERRELL
TEST BANK FOR BUSINESS A CHANGING WORLD 5TH CANADIAN EDITION BY FERRELL
84. Increased unemployment can reduce consumer demand for goods and services, leading toeconomic contraction.inflation.→ deflation.a budget deficit.higher employment levelsIn an economic contraction, people spend less money which can lead to deflation or decrease in market prices. Accessibility: Keyboard NavigationBloom's: KnowledgeDifficulty: MediumLearning Objective: 01-05 Specify why and how the health of Multiple Choice Question the economy is measured.