1. Fundamentals of Macroeconomics
When this occurs on a large scale, this can begin to effect businesses. This is especially true for businesses that rely of the spending of the middle class, and this is turn, can cause more layoffs (Colander, 2013). ... Massive layoffs alter the ability for the consumer to spend freely and creates a ripple effect that has a negative effect of the economy. ...
- Word Count: 732
- Approx Pages: 3
- Has Bibliography
- Grade Level: High School