During a recessionary period, which of the following economic behavior would be expected?
A) Consumer would switch from premium brands to lower-priced ones.
B) Consumer use of credit would increase.
C) Taxes would increase nationally.
D) Property values would jump dramatically.
E) Consumers would use the majority of their discretionary income on groceries.

Question

Quizplus · Accepted Answer

During a recession, consumers often cut back on spending and switch to lower-priced brands to save money.

During a Recessionary Period, Which of the Following Economic Behavior