recent large decline 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) property values

Question

Quizplus · Accepted Answer

Property values have a direct impact on a consumer's net worth, as it represents a significant portion of their assets. A large decline in property values can lead to a decrease in consumer confidence, which in turn can result in postponed purchases and a decrease in consumer spending.

Recent Large Decline in __________ Has Had a Psychological Impact