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The Recession of 2008-2009 Was Associated with a Fall in Housing

question 155

True/False

The recession of 2008-2009 was associated with a fall in housing prices which shifted aggregate demand to the left.


Definitions:

Irrigation

The man-made process of providing water to soil to help cultivate plants and crops.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's streams, lakes, and oceans, and the fluids of most living organisms.

UV Light

Ultraviolet light, a type of electromagnetic radiation with a wavelength shorter than that of visible light but longer than X-rays, known for its ability to disinfect and cause sunburn.

Dissolve

The process by which a substance integrates into a liquid, resulting in a homogeneous mixture or solution.

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