Each of the following is a reason offered by economists to explain why consumers seem unwilling to borrow to maintain consumption spending during a recession except

Question

Quizplus · Accepted Answer

The correct answer is C because the typical consumer is generally considered to be risk averse, especially during a recession, rather than a risk taker. This makes consumers less willing to borrow to maintain consumption spending during economic downturns.

Each of the Following Is a Reason Offered by Economists