In Contrast to the Dot-Com Stock Market Bubble,the Bursting of the Housing

Multiple Choice

In contrast to the dot-com stock market bubble,the bursting of the housing bubble __________,implying __________.

A) affected almost every financial institution;risk was well-diversified
B) affected a small number of investors;the risk was not well-diversified
C) hurt every household;households paid too high an interest rate
D) was attenuated by a quick response by the Fed;the Fed's policy was effective
E) increased household expenditures;it had little effect on the macroeconomy