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The Recession of 2008-2009 Was Associated with a Fall in Housing

question 155

True/False

The recession of 2008-2009 was associated with a fall in housing prices which shifted aggregate demand to the left.


Definitions:

Possession

The state of having, owning, or controlling something, legally or factually.

Carrier

A business that undertakes to transport persons, goods, or both.

Right to Inspect

The authorized capacity to examine or review something for accuracy, quality, or condition.

Goods

Items that are manufactured or produced for sale.

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