Japanese consumers have experienced more than a decade of recession and deflationary pressures.This condition would more likely impact the Japanese consumers':
A) purchasing power
B) salary elasticity
C) GNP
D) profitability
E) exchange rates

Question

Quizplus · Accepted Answer

The prolonged recession and deflationary pressures in Japan would likely decrease the purchasing power of Japanese consumers as they struggle to make ends meet with a reduced ability to afford goods and services.

Japanese Consumers Have Experienced More Than a Decade of Recession