Multiple Choice
Declines in the housing market in the late 2000s and the stock market crash caused total U.S.household wealth to decrease.How did this affect consumption spending?
A) Consumption spending did not change at all.
B) Consumption spending decreased about 3 percent.
C) Consumption spending decreased about 10 percent.
D) Consumption spending decreased about 30 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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