Question

Unemployment can force the economy into a contraction because consumers stop purchasing high priced products.

True
False

Answer 1

I would think it’s true, I mean if you and a surplus of people were laid the last thing you would want is high priced goods you want to save money til you can find a job, you know. It makes sense to me. I think it’s true.

Answer 2

I think it’s true, not 100% sure though. Hope this would help