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The Decrease in Consumer Spending During the 2007-2009 Recession Was

Question 64

Multiple Choice

The decrease in consumer spending during the 2007-2009 recession was due in part to falling home values.This reason for the decline in consumer spending is most closely related to which of the following variables that determine the level of consumption?


A) the interest rate
B) current disposable income
C) household wealth
D) the price level

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