Which of the Following Affected Aggregate Demand During the Recession

question 37

Multiple Choice

Which of the following affected aggregate demand during the recession of 2008-2009?

• A)a decline in residential construction and a decrease in lending
• B)a decline in residential construction but not a decrease in lending
• C)a decrease in lending but not a decline in residential construction
• D)neither a decrease in residential construction nor a decrease in lending

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Definitions:

Culture

The collective manifestations of human intellectual achievement regarded collectively, often expressed through art, music, traditions, and languages.

Symbols

Marks or signs used to represent an idea, object, or relationship.

Beliefs

The convictions or acceptances that something exists or is true, especially without proof.

Attitudes

A settled way of thinking or feeling about something, typically reflected in a person's behavior.