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From course:

Economics A Level (DONEEEEEEE)

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Question:

How can Unemployment affect Savings and Consumption

Author: eric_galvao



Answer:

-Unemployment rising usually will lead to less Spending and Saving more - even those with a Job as they fear that they would be made Redundant. [Consumer Confidence -Falling Unemployment will mean more People have more Money, meaning more Spending. And Confidence goes up


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