In the US, Consumer Expenditures on Homes and Big Ticket Items Tend

question 113

Multiple Choice

In the U.S., consumer expenditures on homes and big ticket items tend to slacken during recessions because ________.

• A) the consumers generally have a low debt-to-income ratio
• B) of steady supply of loanable funds in the economy during recession
• C) the consumers have a high debt-to-income ratio
• D) consumer borrowing increases during recession
• E) of stringent credit policies adopted by the Fed before the onset of recession

---

Definitions:

Treaty of Versailles

The treaty that ended World War I in 1919, imposing heavy reparations and territorial losses on Germany, contributing to the rise of resentment and World War II.

Great War

Refers to World War I (1914-1918), a global conflict originating in Europe, involving many of the world's major powers.

Women's Legal Position

The legal rights and statuses assigned to women, which can vary tremendously across different societies and have historically been the subject of significant change and advocacy.

League of Nations

An international organization founded after World War I to promote peace and cooperation among countries, which was later replaced by the United Nations.