In the U.S., consumer expenditures on homes and big ticket items tend to slacken during recessions because ________.

In the U.S., consumer expenditures on homes and big ticket items tend to slacken during recessions because ________.

In the U.S., consumer expenditures on homes and big ticket items tend to slacken during recessions because ________.



A) the consumers generally have a low debt-to-income ratio
B) of steady supply of loanable funds in the economy during recession
C) the consumers have a high debt-to-income ratio
D) consumer borrowing increases during recession
E) of stringent credit policies adopted by the Fed before the onset of recession


Answer: C


Learn More :