Economists Andy Kwan and John Cotsomitis' Work Indicates the Fall

question 178

Multiple Choice

Economists Andy Kwan and John Cotsomitis' work indicates the fall in consumption spending during the 2008-2009 recession would have been caused, in large part, by

• A)lower housing wealth.
• B)higher interest rates.
• C)lower planned investment.
• D)a fall in consumer confidence.
• E)insufficient government stimulus spending.

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Definitions:

Revolutionary War

Also known as the American Revolution, it was the conflict between Great Britain and its thirteen colonies in North America from 1775 to 1783 that led to the colonies gaining independence.

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The governing documents of each U.S. state, outlining the structure, functions, and principles of state government.