According to Gordon,the Three Main Ingredients in the Recent U

question 52

Multiple Choice

According to Gordon,the three main ingredients in the recent U.S.housing bubble are

• A)low interest rates,saving glut,and financial innovation.
• B)high interest rates,lack of savings,and financial innovation.
• C)financial innovation,expansionary fiscal policy,and capital outflow.
• D)capital outflow,budget deficit,and trade deficit.

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