When consumers are less confident about their jobs or incomes,they are more likely to

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When consumers are less confident about their jobs or incomes, they tend to reduce their spending on durable goods such as cars, appliances, and electronics as they are considered as big-ticket items. On the other hand, they are likely to continue purchasing nondurable goods such as food, clothing, and personal care products as they are considered essential items that cannot be postponed.

When Consumers Are Less Confident About Their Jobs or Incomes,they