Multiple Choice
Refer to the following figure when answering the following questions.
Figure 16.5: U.S. Household Net Worth
-Based on Figure 16.5, personal savings generally ________ over the period. However, personal savings ________ between roughly 2007 and 2009, which was likely due to ________.
A) fell; rose; precautionary savings
B) fell; fell; negative interest rates
C) rose; rose; an increase in interest rates
D) rose; rose; the wealth effect
E) fell; rose; higher gas prices
Correct Answer:

Verified
Correct Answer:
Verified
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