In the mid 1980s, the massive current account deficits were related to massive U.S. government budget deficits

Illustrate graphically the effect the credit market crisis in the United States in 2008 had in the market for existing single-family homes

Assuming the demand for existing single-family homes is relatively inelastic, what is likely to happen to the total revenues of home sellers as a result of the credit market crisis?

___________ occurs in the sender's and receiver's minds

a. External noise b. Internal noise c. Distortion d. Blurring