The Great Recession of 2007-2009 caused U.S. family wealth to shrink, mostly due to the sharp decline in:
A. Family incomes
B. Consumer spending
C. Average house prices
D. Employment and wages
C. Average house prices
Economics
You might also like to view...
Assume the economy is operating at a real GDP above full-employment real GDP. Keynesian economists would prescribe which of the following policies?
a. Expansionary b. Nonintervention c. Passive monetary policy d. Contractionary
Economics
Unemployment benefits are paid only if a person's income from all sources and assets is below a certain level.
Answer the following statement true (T) or false (F)
Economics