which event most likely explains renewed demand in a recovery period? consumers choose to save more and…
which event most likely explains renewed demand in a recovery period? consumers choose to save more and spend less. economic policy renews consumer confidence and demand. producers decrease prices to prompt demand and recovery. production decreases to prompt increased demand.
Answer
Brief Explanations:
In a recovery period, economic policies that boost consumer confidence can renew demand. When consumers are confident, they are more likely to spend. Saving more and spending less would reduce demand. Producers decreasing prices can help, but economic - policy - driven confidence is more comprehensive. Decreasing production to prompt demand is a less common and less effective long - term strategy in a recovery.
Answer:
Economic policy renews consumer confidence and demand.