Card 1 of 20
What happens to total spending when unemployment rises?
A
Total spending rises because more people claim benefits.
B
Total spending falls because businesses immediately reduce all prices.
C
Total spending stays constant because prices do not change.
D
Total spending falls because fewer people earn wages.
Card 1 of 20
1.5.4 The economy and business Flashcards
20 flashcards on Edexcel GCSE Business 1.5.4 The economy and business: the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2.