Question

Directions: Reading the information below and answer the following questions after. Explain your answer in one paragraph.

Assume that America has been going through a long period of financial prosperity. People are confident in their jobs, and saving has become a low priority for many people and for businesses. What would be the long-term consequences of this action for individuals and businesses? Explain how this situation would affect economic growth.

Answer 1

People would becpme poor and things would get hard. People will be spending a lot of money if saving is a low priority and people will eventually become poor.

Step-by-step explanation: