The 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

A decline in property values can lead to a decrease in perceived net worth, affecting consumer spending habits as people may feel less wealthy and thus more cautious with their expenditures.

The Recent Large Decline in __________ Has Had a Psychological