Explain what variables are most influential in predicting your level of spending as a consumer? Do the variables differ for the purchase of durable goods (automobiles, major appliances, etc.) versus non-durable goods (food, clothing, entertainment, etc.)? Why do economists pay such close attention to the level of consumer spending?

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Several variables can influence an individuals level of spending as a consumer Some of the most influential variables include 1 Income Income is one of the primary determinants of consumer spending Ge... View the full answer