What Is Generally True of Consumers in a Recession

question 56

Multiple Choice

What is generally true of consumers in a recession?

• A) Everyone suffers and cuts back on spending.
• B) The rich suffer as the poor cut back on spending.
• C) Many reallocate spending and buy less on credit cards.
• D) Everyone cuts back on spending, but only the low-income consumer segments suffer.

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Definitions:

Aggressive Impulses

Innate drives or tendencies to act or react in a hostile or violent manner towards others or oneself.

Regression

A defense mechanism leading individuals to revert to earlier stages of development and behaviors under stress or discomfort.

Thematic Apperception Test

A projective psychological test that assesses a person's patterns of thought, attitudes, observational capacity, and emotional responses to ambiguous test materials.

Projective Test

A type of personality test in which the respondent’s interpretation of ambiguous or vague stimuli is used to analyze their social interactions, motivations, and needs.