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Eieio Eieio
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3 weeks ago
Which of the following is a characteristic feature of economic contraction?

▸ Decreased unemployment rates

▸ Decreased consumer spending

▸ Increased income

▸ Increased employment

▸ Increased demand
Textbook 

Business in Action


Edition: 9th
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shadowblacwshadowblacw
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Decreased consumer spending

During an economic contraction, spending declines, employment drops, and the economy as a whole slows down.

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