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Q: Term for young urban professionals of the 1980s who flaunted their wealth through conspicuous consumer spending?
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What means spending beyond the amount of money one has available?

conspicuous consumtion


Which of these means spending beyond the amount of money one has available?

conspicuous consumption


What place does Halloween come in on the consumer spending chart?

In 2013, Halloween came in second on the consumer spending chart. Christmas came in first on the consumer spending chart for holiday spending.


What are the effects of consumer spending?

The effects of consumer spending are reflected in in overall economy. Increase in consumer spending will mean more profits for suppliers and this translates to more revenue to the government in form of taxes.


What is the smallest component of aggregate spending in US?

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The factors that affect consumer spending are: Size of Income, Future Expenditures, and Social Influences.


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consumer spending


What is the largest sector of GDP?

consumer spending


When there is a recession the biggest decline is in?

consumer spending


How do increase in consumer spending affect the economy?

With an increase in consumer spending, there will be an increase in demand for goods/services, and therefore an increase in production, which drives the economy up.


How consumer spending may cause inflation to rise?

Inflation occurs when people aren't spending money, thus meaning if a consumer is spending money the prices will generally be lower, also if there is a high demand for that product