A recession is characterized by extremely high unemployment, very low wages, minimal total disposable income, and lack of consumer confidence in the economy.
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Q125: The strength of one's buying power depends
Q126: Discretionary income is associated with all of
Q127: An individual can have a high income
Q128: The accumulation of past income, natural resources,
Q129: Wealth enables consumers to gain buying power.
Q131: The total amount of disposable income is
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Q135: For a given level of buying power,
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