Option d. All of the above are the options that would help to lead to an increase in the purchase of consumer goods.
The degree of employment is one of the major elements affecting consumer demand. More persons who are earning a consistent income and anticipate continuing to do so are more likely to engage in discretionary expenditure. As a result, one economic leading indicator that hints to consumer goods demand is the monthly unemployment rate report.
Consumer spending is also impacted by salary levels. Consumers typically have more discretionary income to spend when salaries are increasing continuously. The desire for luxuries is likely to decrease if incomes are stagnant or declining. One of the best measures of the state of salaries for American employees is median income.
Interest rates can have a significant impact on how much money is spent on consumer goods. Consumers frequently use credit to buy many higher-end things, such as jewelry or cars.
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