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As a Result of the Housing-Market Crash, Aggregate Demand _______

question 1

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As a result of the housing-market crash, aggregate demand _______ and aggregate supply _______.


Definitions:

Gross Monthly Income

The gross amount of earnings received in a month prior to any deductions or taxes being subtracted.

Living Expenses

costs associated with day-to-day life, such as housing, food, and transportation.

Percent Rate

The percentage that indicates the rate at which a certain value, such as interest, increases or decreases.

Percent Rate

a rate that describes a portion of a hundred in finance, often related to interest or growth rates.

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