Multiple Choice
Which of the following affected aggregate demand during the recession of 2008-2009?
A) a decline in residential construction and a decrease in lending
B) a decline in residential construction but not a decrease in lending
C) a decrease in lending but not a decline in residential construction
D) neither a decrease in residential construction nor a decrease in lending
Correct Answer:
Verified
Correct Answer:
Verified
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Q33: Pessimism<br>Suppose the economy is in long-run equilibrium.
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Q35: Pessimism<br>Suppose the economy is in long-run equilibrium.
Q36: Pessimism<br>Suppose the economy is in long-run equilibrium.
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