During the Great Recession,consumer sentiment in the United States declined,leading to a decrease in consumer spending.Which of the following factors caused this decrease in consumer sentiment?

Question

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During the Great Recession, many people lost their jobs or had their wages reduced, leading to a decrease in their expected income. This caused them to become more cautious about their spending habits and contributed to the overall decline in consumer sentiment. The other choices listed are not likely to have had as significant of an impact on consumer sentiment during the recession.

During the Great Recession,consumer Sentiment in the United States Declined,leading