What happens if a recession hits the American economy and as a result U.S. disposable income falls?

Name: What happens if a recession hits the American economy and as a result U.S. disposable income falls?
Brand: Quizplus
Rating: 4.9 (61 reviews)

Question

Quizplus · Accepted Answer

When a recession hits and U.S. disposable income falls, consumers and businesses typically reduce spending, including on imported goods. This reduction in imports can lead to a decrease in the U.S. current account deficit, as the country spends less on foreign goods and services.

What Happens If a Recession Hits the American Economy and as a Result