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Which was not a reason Americans were buying fewer products by the late 1920s? Overbuying with credit Stagnant wages Unbalanced income distribution Falling prices
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Which was not a reason Americans were buying fewer products by the late 1920s? Overbuying with credit Stagnant wages Unbalanced income distribution Falling prices
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Aug 16, 2017
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Which was not a reason Americans were buying fewer products by the late 1920s?
Overbuying with credit
Stagnant wages
Unbalanced income distribution
Falling prices
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D. Falling prices.
This is an economic phenomenon known as deflation. The logic after it is that if you expect prices to go down after a while, why would you buy? It was one of the most dangerous consequences of the great depression.
Robob
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Aug 22, 2017
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