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Nereida Arteaga
on Dec 13, 2024

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Changes in ________ have 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) home values

Consumer Confidence

is a measure of how optimistic or pessimistic consumers are about their financial prospects and the state of the economy, impacting their spending and saving behaviors.

Psychological Impact

The effect that an event, action, or circumstance has on the mental state or emotional wellbeing of an individual or group.

Net Worth

The total value of an individual's or organization's assets minus liabilities, representing the actual value of ownership equity.

  • Analyze the role of consumer confidence and how it influences spending decisions.
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Alexis PencolaDec 20, 2024
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