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What is the result of high unemployment?
A decrease in consumer spending.
What Factors affect consumer spending?
The factors that affect consumer spending are: Size of Income, Future Expenditures, and Social Influences.
What are the statistics on unemployment growth consumer spending and interest rate?
zac efron
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.
What economic factors that influence the personal financial planning?
Consumer Prices; Consumer Spending; Interest Rates; Unemployment; DOW JONES Average index changes, etc
Why does wealth affect consumer spending?
If you have more then you can spend more unless you chose to save it
How might psychological factors affect the business cycle?
optimism can lead to increased consumer spending and greater business productivity.Pessimism can make people more cautious,reducing consumer spending.
Can cyclical unemployment ever have a negative impact on the economy?
Yes, cyclical unemployment can have a negative impact on the economy by reducing consumer spending, lowering overall economic output, and potentially leading to a recession.
Cite at least two tables or graphs to support your conclusion?
1 unemployment was very high 2. Consumer spending was very low
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.
List some adverse affect of unemployment?
* Unhappy people * Decrease in human resource leading to a decrease in production * Decrease in spending
If consumer spending is down because so many people are unemployed businesses will produce more goods or services?
If consumer spending is down due to high unemployment, businesses are unlikely to produce more goods or services. Lower demand from consumers typically leads companies to reduce production to avoid excess inventory and minimize costs. Instead, businesses may focus on cutting expenses, implementing layoffs, or adjusting their offerings to adapt to the economic situation. Ultimately, sustained low consumer spending can further exacerbate unemployment and economic downturn.
