The shifts in aggregate demand and aggregate supply as a result of the housing bubble collapse caused output to:
A. fall dramatically immediately.
B. stay the same, since the shifts worked in opposite directions.
C. rise temporarily, then fall.
D. fall at a relatively slow rate over time.
A. fall dramatically immediately.
Economics
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A tendency towards disorder or randomness is called:
a. Homeostasis b. Cybernetics c. Entropy d. Multifinality
Economics
Most of the Fed's liabilities are in the form of: a. Federal Reserve notes. b. checkable deposits
c. U.S. Treasury deposits. d. loans to member banks. e. certificates of deposit.
Economics