The level of installment debt as a percentage of disposable income is generally ____ during recessionary periods.
A)higher
B)lower
C)zero
D)negative

Name: The level of installment debt as a percentage of disposable income is generally ____ during recessionary periods. A)higher B)lower C)zero D)negative
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Question

The level of installment debt as a percentage of disposable income is generally ____ during recessionary periods. ​
A)higher
B)lower
C)zero
D)negative

Quizplus · Accepted Answer

During recessionary periods, people tend to reduce their spending and borrowing, leading to a lower level of installment debt as a percentage of disposable income.

The Level of Installment Debt as a Percentage of Disposable