Which of the following economic changes will decrease household expenditures?
A)Population growth
B)Lower income taxes
C)An appreciation of the domestic currency
D)Increased consumer confidence
E)A higher domestic price level

Question

Quizplus · Accepted Answer

A higher domestic price level generally leads to decreased household expenditures as goods and services become more expensive, reducing purchasing power.

Which of the Following Economic Changes Will Decrease Household Expenditures