What happens to an unemployed person's spending when they lose their income?
A
Their spending falls, reducing their living standards.
B
Their spending remains unchanged, preserving their living standards.
C
Their saving rises, reducing their living standards.
D
Their spending rises, improving their living standards.
4.5.4 consequences of unemployment Flashcards
24 flashcards on CIE Intl A Level Economics 4.5.4 consequences of unemployment: the key terms and definitions you need to recall.