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    Principles of Economics Study Set 1
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    Exam 25: Spending and Output in the Short Run
  5. Question
    The Bursting of the Housing Bubble in 2006 Caused ________
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The Bursting of the Housing Bubble in 2006 Caused ________

Question 10

Question 10

Multiple Choice

The bursting of the housing bubble in 2006 caused ________ to cut back on their spending, thereby shifting the PAE line ________.


A) businesses and households; upward
B) businesses and households; downward
C) government and businesses; downward
D) government and businesses; upward

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