Recent Large Decline in __________ Has Had a Psychological Impact

question 168

Multiple Choice

recent large decline in __________ has had a psychological impact on consumers who tend to spend more when they feel their net worth is rising and postpone purchases when it declines.

• A) automobile prices
• B) fuel prices
• C) the number of people competing for jobs
• D) consumer confidence
• E) property values

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Definitions:

Cold War

The Cold War, spanning from the conclusion of World War II until the collapse of the Soviet Union in 1991, involved a prolonged state of political and military tension between the United States along with its allies and the Soviet Union, marked by aggressive rhetoric, espionage, and acts other than direct military conflict.

Oscar Handlin

A prominent American historian and author known for his studies on immigration and the history of ethnicity in American life.

Democracy

A governance system where authority is given to the populace, who govern themselves either directly or by choosing representatives through elections.

Free Market

An economic system where prices for goods and services are determined by the open market and consumers, with minimal government intervention.