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Historically, R&D spending has fluctuated with income, but more strongly: when growth declines by 2%, R&D spending drops by 3%.
But if consumer spending drops, businesses may have to make even more job cuts, further weakening people's ability to afford new items.
The consumer slowdown in recent weeks comes after spending drops in July and August, when tax rebates came to an end.
In the beginning, the orchard produces no apples, so consumer spending drops to 90 fish a day, because only 90 adults are out fishing while the other 10 are developing an orchard.
Energy Department spending drops to $26.3 billion for the fiscal year 2010, beginning in October, although the stimulus package provides an additional $38.7 billion for energy programs that will be spent over the next several years.
But it does make foreigners less likely to come to America:In fact, for every one-percentage-point increase in the dollar's value (as measured by the real trade-weighted exchange rate), foreigners' travel spending drops by half a percentage point.
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Spending dropped 2.9percentt in 2008, to $210 billion.
The Commerce Department reported that retail spending dropped 0.5 percent in June.
In October alone, luxury spending dropped 20.1percentt, according to MasterCard SpendingPulse.
Likewise, hotel spending dropped both for domestic and international trips.
Yes, consumer spending dropped sharply, as did business investment, in 2008 and 2009.
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CEO of Professional Science Editing for Scientists @ prosciediting.com