Purchasing power is a function of income, prices, savings, and what other variable?

Question

Quizplus · Accepted Answer

Credit availability is a crucial variable in determining purchasing power, as it affects the ability of consumers to make purchases by providing them with funds to use for spending. If credit is readily available, consumers have more purchasing power, as they can make purchases they otherwise would not be able to afford. On the other hand, if credit is scarce, consumers will have less purchasing power, as they will have fewer funds to use for spending.

Purchasing Power Is a Function of Income, Prices, Savings, and What