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.

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Definitions:

Limbic System

A complex system of nerves and networks in the brain, involved with instinct and mood. It regulates basic emotions and drives.

Closed Head Injury

A closed head injury is a type of traumatic brain injury where the skull remains intact, but the brain is damaged due to a blow to the head or sudden, violent motion.

Midbrain

A part of the central nervous system linked to sight, hearing, movement control, sleep cycles, alertness, and the regulation of body temperature.

Thalamus

A structure in the brain that acts as a relay station for sensory and motor signals, except for the sense of smell, to the cerebral cortex.