I’m sure it’s B. Debit Card
C. less painful parting with cash
Answer:
A recession
Explanation:
A recession is a period of slow or negative economic growth that lasts several months. In a recession, there is a general decline in productivity in the economy. In other words, the GDP growth rate drops too low or turns negatives.
Due to low productivity, unemployment rate rises as the industries and services sectors lay-off workers instead of creating job opportunities. There is reduced consumer confidence leading to low retail sales and a decline in prices.
Negative growth implies reduced levels of investment in the economy. Businesses experience low profits, and hence, stock prices fall. Economist considers recessions a part of a normal business cycle.
In 1888, Thomas Adams was the first person to build a vending machine that dispensed chewing gum. The gum, named Tutti-Frutti, was available around New York City subway stations.
