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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