As a Result of the Housing Market Crash Overall Output

question 9

Multiple Choice

As a result of the housing market crash overall output fell, and prices:

• A) decreased because the magnitude of shift was larger for aggregate demand than it was for aggregate supply.
• B) increased because the magnitude of shift was larger for aggregate demand than it was for aggregate supply.
• C) decreased because the magnitude of shift was smaller for aggregate demand than it was for aggregate supply.
• D) increased because the magnitude of shift was smaller for aggregate demand than it was for aggregate supply.

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