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