During a recessionary period, which of the following economic behavior would be expected?

Question

Quizplus · Accepted Answer

During a recession, consumers tend to be more cautious with their spending and less likely to make major purchases, leading to a decrease in consumer spending.

Answer: B 
 During a recession, credit may become more difficult to obtain from traditional sources, causing consumers to turn to alternate forms of credit such as credit cards or personal loans.

Answer: E 
 During a recession, consumers may prioritize essential expenses such as groceries over discretionary expenses like entertainment or luxury goods.

During a Recessionary Period, Which of the Following Economic Behavior