Multiple Choice
What was one of the major reasons why the United States was slower to recover from the 2008-2009 recession than Canada?
A) Housing price declines in Canadian were much larger than in the United States.
B) Housing price declines in the United States were much larger than in Canada.
C) The impact of the rise in house prices on Canadian household consumption was greater.
D) The impact of the rise in house prices on American household consumption was greater.
Correct Answer:
Verified
Correct Answer:
Verified
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