Asked by
Zakary Swinson
on Oct 13, 2024Verified
The level of consumption tends to rise as credit availability _____ and the stock of durable goods in the hands of consumers is ______.
A) rises,high
B) rises,low
C) falls,high
D) falls,low
Credit Availability
Refers to the ease with which individuals or businesses can obtain loans or credit from financial institutions.
Durable Goods
are items with a long life expectancy, such as automobiles, furniture, and appliances, typically used over years rather than consumed quickly.
- Analyze the impact of credit availability on consumption.
Verified Answer
SM
Learning Objectives
- Analyze the impact of credit availability on consumption.