The recent large decline in __________ has had 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

Question

Quizplus · Accepted Answer

The decline in home values has a direct impact on a person's net worth, as homes are often a significant portion of people's assets. This can lead to a decrease in consumer confidence and a reluctance to make purchases, resulting in a drag on the economy.

The Recent Large Decline in __________ Has Had a Psychological