Refer to the article “The Value of Money” in your Money, Money, Money magazine for a complete version of this text.

Based on the information in the “Deflation” section of the article, what is the relationship between deflationary periods and consumer spending?

A. When the cost of goods and services goes down, consumers buy more.

B. People hold on to their money, waiting for prices to drop even further.

C. People tend to purchase more when they believe they are saving money.

D. If employment increases, people have more money to spend.