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4.5.4 consequences of unemployment

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

  1. Intl A Level
  2. /Economics
  3. /4.5.4 consequences of unemployment

24 flashcards on CIE Intl A Level Economics 4.5.4 consequences of unemployment: the key terms and definitions you need to recall.