The phenomenon when buyers become uncertain about the state of their nation's economy,leading to a sharp reduction in demand for both consumer and industrial goods is known as _____.

Question

Quizplus · Accepted Answer

The phenomenon described is commonly known as the "chill effect," as it causes a sudden decrease in economic activity due to increased uncertainty about the future state of the economy. This can lead to decreased demand for products and services, which can have a negative impact on businesses and industries across the board.

The Phenomenon When Buyers Become Uncertain About the State of Their