Which of the Following Is One Reason for the Decline

question 196

Multiple Choice

Which of the following is one reason for the decline in aggregate demand that led to the recession of 2007-2009?

• A)falling oil prices
• B)increases in housing prices
• C)the financial crisis
• D)a decline in government spending

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Definitions:

Assumes the Mortgage

The process by which a buyer takes over the seller's mortgage as part of the terms of purchasing a home.

Personally Liable

Refers to the direct responsibility an individual has to fulfill an obligation or debt, making their personal assets vulnerable to being claimed in the event of non-fulfillment.

Enabling Statute

Legislation that creates new powers or authorities for government agencies or officials to implement and enforce laws.

Open Spaces

Areas of land that are not developed, reserved for public use or enjoyment, often to preserve natural or cultural resources.