Japanese consumers have experienced more than a decade of recession and deflationary pressures. What would this condition most likely impact for Japanese consumers?
A)their purchasing power
B)their salary elasticity
C)their disposable income
D)their government benefits

Question

Quizplus · Accepted Answer

Deflation and recession typically increase the purchasing power of consumers as prices fall, allowing them to buy more with the same amount of money.

Japanese Consumers Have Experienced More Than a Decade of Recession