. The housing market has played a key role in understanding the Great Recession of 2007/2008...
. The housing market has played a key role in understanding the Great Recession of 2007/2008 through various channels. Which of the following plays a role?
a) The housing market boom before the recession.
b) The fall in house prices during the recession.
c) The fall in consumption demand during the recession.
d) All of the above.
Homework Answers
Option B is correct.
The main cause of the great recession that began in 2007/2008 was the bursting of the housing bubble, which referred to as the large drop in home prices.
Add Answer to:
. The housing market has played a key role in understanding the
Great Recession of 2007/2008...
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leading to a decrease in aggregate demand. Which pair of factors
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C. a decrease in stock prices and a decrease in housing
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ncio.wwnortm e Page(s) 444-445 14.1. Exactly what happened during the Great Recession and the Great Depression? Refer to the figure below and fill in the blanks to complete the following passage. Consumer 110 Sentiment Inder 100 Great Recession 8 3 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Drag word(s) below to fill in the blank(s) in the passage. Economists use the which is graphed above, as a measure of consumers' confidence in their financial future....
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During the Great Recession, U.S. household wealth declined,
leading to a decrease in aggregate demand. Which pair of factors
contributed to this decline in wealth?
Choose one
:A. a financial market crisis and an increase in gas prices
B. an increase in tax rates and a decrease in stock prices
C. a decrease in stock prices and a decrease in housing
prices
D. a decrease in housing prices and a decline in the level of
technology
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