When Consumers Are Less Confident About Their Jobs or Incomes

question 173

Multiple Choice

When consumers are less confident about their jobs or incomes, they are more likely to

• A)reduce purchases of durable goods than nondurable goods.
• B)reduce purchases of nondurable goods and increase purchases of durable goods.
• C)increase investment spending and decrease consumption spending.
• D)increase consumption spending and decrease investment spending.
• E)reduce savings for the future.

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Definitions:

Chronic Glomerular Nephritis

A kidney condition involving long-term inflammation and damage to the glomeruli, affecting filtration and kidney function.

Renal Failure

A medical condition where the kidneys lose their ability to adequately filter waste products from the blood.

Digestive System

The system of organs responsible for the intake, breakdown, absorption of food and elimination of waste, including the mouth, esophagus, stomach, intestines, and related structures.

Chronic Glomerular Nephritis

A long-term inflammation of the tiny filters in the kidneys (glomeruli) that can lead to kidney failure.