In the United Kingdom, worries about Brexit have caused consumer confidence to fall. Holding everything else equal, this could lead to _____ in the UK economy.

Question

Quizplus · Accepted Answer

If consumer confidence falls, it is likely that individuals and households will reduce their spending, leading to a decrease in demand for goods and services. This reduction in demand could lead to insufficient demand in the economy, which could result in a slowdown or recession.

In the United Kingdom, Worries About Brexit Have Caused Consumer