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Decreased consumer spending
Increased income
Increased employment
Question 5.
Question :
(TCO 1) Inflation is a major concern
for consumers, businesses, and government leaders, because it _____.
is a precursor to recession
decreases the purchasing power of consumers
decreases the production costs
increases the demand for commodities
decreases the opportunity cost of holding cash balances
Question 6.
Question :
(TCO 1) _____ taxes are levied on
earnings of individuals to help fund Social Security, Medicare, and
unemployment compensation.
Excise
Payroll
Sales