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KonstantinChe [14]
2 years ago
12

How does consumer spending affect economic growth

Social Studies
2 answers:
LiRa [457]2 years ago
7 0

Answer: Even a small downturn in consumer spending damages the economy. As it drops off, economic growth slows. Prices drop, creating deflation. If slow consumer spending continues, the economy contracts.

Explanation:

Westkost [7]2 years ago
5 0

Answer:

Even a small downturn in a consumer spending damages the economy. As it drops off, economic growth slows. Prices drop, creating deflation. If slow consumer spending continues, the economy contracts.

Explanation:

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