If workers think the economy is bad and they fear that they might lose their job, they are likely to spend less.

Select one:
○ True
○ False

True. When workers fear job loss due to economic uncertainty, they tend to spend less as a precautionary measure. This behavior is influenced by factors such as income expectations and confidence in future employment.

During recessions, lower income levels, job losses, and reduced consumer spending are interconnected, leading to a decline in overall economic activity. This can also lead to decreased investments by businesses and a reluctance to hire new workers.

Household spending is heavily impacted by income uncertainty, with pessimistic expectations causing a decrease in consumption, ultimately affecting the overall economy.

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If workers think the economy is bad and they fear that they might lose their job, they are likely to spend less.Select one:○ True○ False

Answer :

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Explanation:

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Other Questions

If workers think the economy is bad and they fear that they might lose their job, they are likely to spend less.

Select one:
○ True
○ False