College Prof 56 Wrote:
Nov 20, 2012 7:28 AM
Econ 101. When people have less money to spend, demand goes down. When demand goes down, there is less need for goods and services. When there is less need for goods and services, companies stop producing those goods and services. When companies stop producing goods and services, they go out of business. When they go out of business, people lose their jobs, up and down the supply chain. Duh!