The changes in __________ has had a psychological impact on consumers who tend to spend more when they feel their net worth is rising and postpone purchases when it declines.
A) automobile prices
B) fuel prices
C) the number of people competing for jobs
D) consumer confidence
E) home values

Question

Quizplus · Accepted Answer

Home values directly affect the net worth of consumers, and changes in home values can affect their perception of their overall financial status. The psychological impact on consumers can lead to increased or decreased spending, depending on whether they feel their net worth is rising or declining.

The Changes in __________ Has Had a Psychological Impact on Consumers