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July 23, 2014

Homework Help: social studies

Posted by Anonymous on Sunday, April 8, 2007 at 2:14pm.

what would happen if people stop spending money on luxuries?

The economy would worsen. How would businesses get money if no one spent any?

People also would get into bankruptcy as often and would have larger savings accounts. They might also spend more money to help people less fortunate.

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