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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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Under the Articles, the states, not Congress, had the power to tax. Congress could raise money only by asking the states for funds, borrowing from foreign governments, and selling western lands. In addition, Congress could not draft soldiers or regulate trade.

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Why were many people in the Georgia Colony slow to support the American Revolution at first?
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<u>Answer:</u>

<em>The colony’s economy depended on trade with Great Britain.</em>

<u>Explanation:</u>

During that time, most of the products of the Georgia were exported to <em>English Navy</em>. Also, England and West Indies were the most important market for trade o the Georgians. Other than trade, protection from the British government was another reason for slow support to <em>American Revolution. </em>

They didn’t believe the new-born country could protect them from <em>neighbouring threats of Spanish and French</em> from south and west respectively. They believed much in the protection of one of most powerful nations, England.

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