The Saving Rate in the United States Fell to Nearly

question 38

Multiple Choice

The saving rate in the United States fell to nearly zero in the early 2000s.One of the contributing factors to this development was the

• A)decrease in consumer confidence in the late 1990s.
• B)declining real incomes of most American households.
• C)increased housing wealth.
• D)rising real interest rates in the United States.

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