The Great Recession of 2007-2009 Altered the Prior Behavior of Consumers

question 46

Multiple Choice

The Great Recession of 2007-2009 altered the prior behavior of consumers in the economy by

• A)shifting the consumption schedule up.
• B)shifting the consumption schedule down.
• C)shifting the saving schedule down.
• D)moving the economy down along a stable consumption schedule.

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Definitions:

Intuition

An understanding or insight gained without the need for conscious reasoning.

Possibilities

Various opportunities or prospects that are available or could be available in the future.

Situation

The set of circumstances and conditions affecting the way in which a task, action, or idea is to be executed or considered.

Risk Averse

a characteristic describing individuals or entities that prefer to avoid risks, often seeking safer or more predictable outcomes.